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>From the current issue
Vol. 25 No. 24 :: 18 December 2003
The New Piracy
Charles Glass: Terror on the High Seas

"Ninety-five per cent of the world's cargo travels by sea. Without the
merchant marine, the free market would collapse and take Wall Street's
dream of a global economy with it. Yet no one, apart from ship owners,
their crews and insurers, appears to notice that pirates are assaulting
ships at a rate unprecedented since the glorious days when pirates were
'privateers' protected by their national governments."

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