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Egypt to join Somalia pirate patrols
- Egypt: Thursday, December 04 - 2008 at 08:44
Egypt said it is willing to join a multinational operation under the banner of the United Nations to patrol the Gulf of Aden following a number of piracy attacks off Somalia's coast, Bloomberg has reported. Companies including Euronav NV and TMT Co, owners of ships designed to haul Middle East crude to Europe and the US, have said that they are reviewing whether to stop sending their carriers through the Suez Canal to avoid traveling near the site of most of the attacks off the coast of Somalia. A decision to avoid the Suez Canal would delay oil deliveries, reduce the supply of available vessels and add to insurance bills for shippers.
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Jeff Florian, Senior ReporterThursday, December 04 - 2008 at 08:44 UAE local time (GMT+4)
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