Piracy and you.
“Last month I wrote a paper giving warning of the possibility of an attack on an oil tanker and of the consequences if international shipping began to react, avoiding the route via the Gulf of Aden and the Suez Canal and instead going around the Cape of Good Hope.
The longer route would add up to three weeks to the delivery of goods from Asia and of oil and gas from the Middle East to European markets. Someone will have to pay for that extra time – very probably the consumer. For Europe and the eastern seaboard of America, this inflation is a real possibility.”
