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Private Navy Launched To Protect Shipping from Somali Pirates

A private navy founded by companies led by Glencore International Plc (GLEN) will protect its first convoy of oil tankers and bulk carriers from Somali pirates in the Indian Ocean in late March or April, the Sunday Times reported, citing an interview with Glencore Chairman Simon Murray.

Typhon, a venture formed by a group of U.K. businessmen led by Murray, will recruit 240 former marines and sailors for its navy, the London-based newspaper reported.

Source: Bloomberg. Read full article. (link)

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  • Sevo||

    You left out the class-warfare tag:
    "Millionaire’s Private Navy to Battle Somali Pirates, Times Says"

  • ||

    What? But everyone knows this sort of protection is impossible without the government.

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