Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Terrorism and kidnapping constitute a main source of political risk in global trade. The Suez shipping route is one of the most active routes used
Terrorism and kidnapping constitute a main source of political risk in global trade. The Suez shipping route is one of the most active routes used by commercial ships. Yet, these dangerous waters pose a major threat (of theft and kidnapping) to commercial sailors and the goods they transport.
In your opinion, what should shipping companies do to adapt to this threat? Present at least two things that could be done to lessen the piracy and kidnapping risk.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started