Global politics and commerce have long been centred on major basins, starting with the Mediterranean, then shifting to the Atlantic and later the Pacific oceans. In recent years, the Indian Ocean has emerged as the focus of a new geopolitical competition and a realm for promoting ‘South-South’ trade and investment, especially between China-India and Africa. [Read more...]
Last Saturday was a sad day for world trade, with Somali pirates seizing a Saudi-owned tanker carrying US$100 million worth of oil. The Sirius Star was hijacked 450 miles off the coast of Kenya, becoming the largest vessel ever hijacked.
If you thought that piracy was the stuff of old swashbuckling tales, think again. Indeed, [Read more...]
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