Historical Cycles, Pirates and the Shipping Community

The ongoing piracy crisis off the Somali coast has been impacting the B.C. shipping business causing disruption to its routes and a sharp rise in costs. “Effectively, the Suez Canal, one of the world’s busiest and most profitable marine routes, is off limits to us,” said Samuel Tang, vice-president, chartering and operations for Fairmont Shipping (Canada) Ltd. to the Vancouver Sun.