Named after the Malacca Sultanate, the Strait of Malacca serves as one of the most important shipping routes in the world. It is strategically located between the Indian Ocean and the Pacific Ocean, linking major economies in East Asia to the Middle East, Africa and Europe.
For centuries, nations who were rich and powerful colonized Peninsula Malaysia to monopolize this trading route. They include the Portuguese in the sixteenth century, the Dutch in the seventeenth century, and the British in the eighteenth to twentieth century.
Today, the Strait of Malacca is the second busiest waterway in the world. It serves as the main route transporting vital commodities to rapidly growing economies in East Asia.
One of the most vital commodities is oil. According to the U.S. Energy Information Agency, an estimated 15.2 million barrels of oil passed through the Strait of Malacca every single day in 2013. It ......