AGL 40.03 Increased By ▲ 0.03 (0.08%)
AIRLINK 128.20 Increased By ▲ 0.50 (0.39%)
BOP 6.63 Increased By ▲ 0.02 (0.3%)
CNERGY 4.55 Decreased By ▼ -0.05 (-1.09%)
DCL 8.80 Increased By ▲ 0.01 (0.11%)
DFML 41.75 Increased By ▲ 0.17 (0.41%)
DGKC 86.40 Increased By ▲ 0.61 (0.71%)
FCCL 32.50 Increased By ▲ 0.01 (0.03%)
FFBL 64.38 Increased By ▲ 0.35 (0.55%)
FFL 11.12 Increased By ▲ 0.57 (5.4%)
HUBC 111.25 Increased By ▲ 0.48 (0.43%)
HUMNL 15.00 Decreased By ▼ -0.07 (-0.46%)
KEL 4.92 Increased By ▲ 0.04 (0.82%)
KOSM 7.42 Decreased By ▼ -0.03 (-0.4%)
MLCF 40.69 Increased By ▲ 0.17 (0.42%)
NBP 61.70 Increased By ▲ 0.65 (1.06%)
OGDC 194.75 Decreased By ▼ -0.12 (-0.06%)
PAEL 27.50 Decreased By ▼ -0.01 (-0.04%)
PIBTL 7.83 Increased By ▲ 0.02 (0.26%)
PPL 153.50 Increased By ▲ 0.97 (0.64%)
PRL 26.67 Increased By ▲ 0.09 (0.34%)
PTC 16.25 Decreased By ▼ -0.01 (-0.06%)
SEARL 84.30 Increased By ▲ 0.16 (0.19%)
TELE 8.03 Increased By ▲ 0.07 (0.88%)
TOMCL 37.03 Increased By ▲ 0.43 (1.17%)
TPLP 8.77 Increased By ▲ 0.11 (1.27%)
TREET 17.40 Decreased By ▼ -0.26 (-1.47%)
TRG 59.25 Increased By ▲ 0.63 (1.07%)
UNITY 26.86 No Change ▼ 0.00 (0%)
WTL 1.38 No Change ▼ 0.00 (0%)
BR100 10,000 No Change 0 (0%)
BR30 31,002 No Change 0 (0%)
KSE100 94,751 Increased By 559 (0.59%)
KSE30 29,406 Increased By 204.6 (0.7%)

Malaysia vowed on Thursday to do its best to stamp out pirate attacks in the Malacca Strait and urged Indonesia to crack down on raiders in its own waters. Pirates have attacked three vessels in two weeks in one of the world's busiest sea lanes, alarming the shipping industry and spurring nations along the waterway to step up anti-piracy patrols.
Armed pirates boarded a Japanese tugboat on Monday and kidnapped three crew - two Japanese and a Filipino - just two days after an oil tanker was seized in another attack. No ransom demand for the captives has been reported.
Malaysia and Indonesia are holding co-ordinated patrols and sharing information to try and rein in pirates, Malaysian Deputy Prime Minister Najib Razak told reporters, but attacks cannot be completely halted because of the long stretch of coast involved.
"If the pirates come from Indonesia it is up to the Indonesians to take action against them," Najib said, adding that he did not know if the pirates involved in Monday's attack were members of GAM, a separatist group in Indonesia's Aceh province.
"It doesn't matter whether they are Acehnese, or whoever they are, action must be taken against them."
Littoral states are responsible for the security of the Strait, Najib said in reply to a question whether the patrols were enough to allay the fears of the shipping industry.
"We'll do whatever we can, but the principle of sovereignty has to be respected," he said.
More than a quarter of global trade passes through the stretch of water separating Malaysia and Indonesia, including almost all the oil imports of Japan and China.
The International Maritime Bureau, which tracks attacks on shipping, said the upsurge of violence was a matter of concern.
"The abduction of crew members ... is a reprehensible act and should not be allowed to continue," it said in a statement this week.

Copyright Reuters, 2005

Comments

Comments are closed.