Costs soar despite piracy drop
HoR ports still seeing high prices.
Costs soar despite drop in sea piracy
BY BENARD SANGA
Mombasa; Kenya: Despite a significant drop in piracy off the coast of Somalia after the deployment of multi-national naval forces in the Indian Ocean, the cost of shipping is yet to come down.
Shippers Council of Eastern Africa (SCEA) said in a report that goods imported through the port of Mombasa were 10 per cent more expensive than they were in 2007, at the height of piracy along the East African coast.
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