S.E. Asia looks to PMSCs
Local security companies protecting assets against terror threat.
Shipping companies turn to private security as maritime threat rises in Southeast Asia
Malaysia’s defence minister, Hishammuddin Hussein, says the country remains at risk of possible attacks by Islamic State militants – with attacks most likely to be carried out at sea. Some in the shipping industry are now hiring private security companies to keep their cargo and crew safe.
KUALA LUMPUR: South East Asian waterways are among the busiest in the world. Each year, almost 50,000 ships – carrying half the world’s trade and one-third of global oil – ply the narrow Straits of Malacca across the South China Sea to meet the burgeoning demands of East Asian economies.
This important shipping lane is now the world’s most dangerous – the number one hotspot for piracy and other international crimes.
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