The dangers of SE Asia
Maritime safety and security concerns.
Is Southeast Asia home to the most dangerous waters in the world?
By Joe Baker
Southeast Asia is home to some of the biggest shipping trade routes worldwide. According to the United Nations Conference on Trade and Development (UNCTAD), around 80% of global trade is transported by sea, with 60% of this volume passing through Asia. Major seafaring companies move goods to and from China, Japan, Taiwan and South Korea across the South China Sea, which carries an estimated one-third of the global shipping industry.
However, the status of Southeast Asian waters as a bustling hub of economic activity has led to an increasing number of security issues, with ship collisions and piracy incidents more common here than in any other location worldwide. In an era where shipping losses are decreasing across the world, these problems make this region a deeply volatile one.
To continue reading, please click here.