Please refer to below link on some highlights on Pirates issues.
http://rapidshare.com/files/224055584/2009.04.20_A_Never_Ending_Tale_of_Pirates.doc
The never ending tale of the piracy to many people has got more minuses. Yes on one hand, it has increased the insurance cost but on the other hand, which is a lot more prevalent and affect more significantly is the creation of ton mile expansion across the chemical tanker industry as more and more charterers prefer the ships to travel in safer route which by far a lot farther than the Gulf of Aden route.
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