Asia shipping mishaps cause concern over sea safety; search expands

Two shipping collisions near the Singapore Strait in less than a week have caused serious concerns and brought into renewed focus the need for seamless movement of cargo traffic worth billions of dollars annually in the region, market participants said on Wednesday.
Separately, Southeast Asia is already grappling with piracy and terrorism in the Sulu Celebes Sea region, and when it showed some signs of ebbing, recent traffic accidents brought a different additional concern to the forefront — safety at sea.
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