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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Source: standardmedia.co.ke

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