ASIA

New security pact for Malacca Straits

With half of the worlds oil supplies and a third of its trade travelling through the Malacca Stra...

However Indonesia, Malaysia and Singapore only agreed to carry out joint naval patrols after the US threatened to send in Marines to quell the rampant pirates.

In April, more than 50 commercial divers from Australia, New Zealand, Canada and the UK were held by pirates and stripped of valuable belongings including cash and lap top computers before being released. The ship was owned by Global Industries which runs a fleet of 20 craft servicing the oil and gas industry.

The threat of terrorists hijacking vessels to be used as suicide weapons has also become a real fear after the suicide speedboat attack on the USS Cole on 12 October 2000 and the recent attack on the Basra oil terminal in the Persian Gulf.

The Singaporean government does not feel the Straits are adequately protected and fears vessels plying the waters there will be natural targets for al-Qaeda and/or other terrorists.

Indonesian Naval chief Admiral Berard Kent Sondakh said the joint patrols would now operate in the narrow 960km waterway around the year with each country contributing five to seven corvettes.

TOPICS:

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry