21 May 2004 04:42 [Source: ICIS news]
Tony Tan, who is also
Speaking to reporters in Singapore he said: “This may signal the start of serious preparations for a maritime terrorist attack as terrorists learn to navigate tankers to use them as floating bombs against other vessels, key installations, naval bases or port facilities.”
"Our attitude is to confront this problem squarely, discuss, collaborate, work with the littoral states, international players and extra-regional countries which have a vital interest in shipping in this part of the world."
The Malacca Straits, through which almost half of the world’s oil supply passes, suffers one of the highest rates of maritime terrorism in the world. According to a recent report from the International Maritime Bureau, there were 14 piracy attacks in the Malacca and Singapore Straits in the first quarter of this year, up from just three in the same period in 2003.
A major attack in the Straits could have a severe impact on the region's economy and severely damage its petrochemical industry.
He said other countries, such as
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|