Financial Times FT.com

Pirates hold Malacca strait shipping hostage to fortune

By Stephen Fidler and Arlen Harris

Published: June 23 2005 03:00 | Last updated: June 23 2005 03:00

Eight pirates armed with automatic weapons and knives fired warning shots at aThai-flagged tanker in the Malacca strait early this month. Once on board, they kidnapped the master and bosun and demanded a ransom.

Piracy has long been rife in the seaway but the incident off Pangkor island is part of a trend of increasingly violent and well-planned attacks that is worrying insurers and the region's governments.

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