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SHIPPING & MARINE | Staff Reporter, Hong Kong

Cosco Shipping to spend $12m for protection against piracy

Armed guards and other measures will be put in place in the Gulf of Aden and the Indian Ocean.

A report on Reuters said the budget includes the cost of bullet-proof vests and on-board detectives and protective equipment.

Cosco Shipping Co Ltd is the heavy-lift and project cargo subsidiary of the mainland's largest shipping company.

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