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SEA Watch
First on offer this month is your editor’s review of the current surge in oil cargo piracy in SE Asia. A total of about 8 - 9 such incidents (euphemistically described as “siphoning” by Singapore’s MPA) have occurred since Jan 2014 and this has put the region back on top of the IMB’s piracy threat area list. So who’s behind the SE Asia piracy boom? Who pays for the losses? And what can be done to prevent such incidents? Read on to find out more.