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Anti-pirate security hit by rate plunge

Jem Newton 
July 31st 2014
Jem Newton
A fall in private security rates could raise risks for commercial shipping in the Gulf of Aden, a security analyst has warned following the collapse of Gulf of Aden Group Transits (GoAGT).

The analyst, who declined to be identified, confirmed that the UK-based security company had closed and said other firms are poised to follow.

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Source: ihsmaritime360.com