Threat of Somali pirates raise security & insurance costs
Edited By WION Video Desk
Published: Mar 22, 2024, 05:15 IST | Updated: Mar 22, 2024, 05:15 IST
It is not just the houthi threat that is affecting shipping routes in the Indian Ocean. Pirates from Somalia have made a comeback in the region, which further threatens shipping routes. That has led to surge in security and insurance costs for shipping giants across the world.
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