Piracy: how to cut the security costs

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Pooling resources seems to be a common theme at the moment ? so perhaps something good and efficient can come out of a  miserable global economy. This time, the idea is to pool maritime security, according to the Marine Cafe blog. Shipowners ? including small operators ? are forming a consortium to provide themselves with security services in pirate-infested waters, for which they will pay an annual fee. A practical solution, concludes the blog.