Oil piracy poses growing menace to tanker traffic in South China Sea

LNG carriers, such as the Al Wakrah, owned by a group led by Japan's Mitsui OSK Lines Ltd., face a risk of the worst kind of disaster-a catastrophic explosion-that might result from pirates preying on petroleum vessels in the South China Sea. The Al Wakrah is one of the world's largest LNG carriers and transports LNG from Qatar to Japan.Click here to enlarge imageOil piracy carried out by sophisticated and well-connected syndicates is a growing menace to petroleum tankers in the greater South China Sea area.The modern-day pirates, often armed with assault rifles, use cellular phones to coordinate attacks and speedboats to board ships. They are then able to organize ship-to-ship transfer...

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