Greece funds to prevent Malacca Strait piracy

The Greek government would give $1 million (682,000 euros) to help secure the Strait of Malacca, a vital shipping route in Southeast Asia hit hard by piracy.

Greek Merchant Marine Minister Georges Voulgarakis made the announcement during a meeting of the 162-member UN agency International Maritime Organization (IMO) in London. Voulgarakis hopes other countries would follow the lead of Greece, which maintains the world’s largest shipping fleet. Sea routes connecting the Pacific and Indian oceans, the 805-kilometer strait is the one most affected by piracy. The sum will be deposited into a fund created by the IMO “to improve the security of the straits,” in cooperation with countries such as Singapore, Malaysia and Indonesia bordering the maritime corridor which handles 30 percent of all sea transport globally.
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