Somali pirates grow bolder in attacks on shipping
Piracy on the high seas is on the upswing, and the stakes are higher than ever. In November, several hundred miles off Kenya, pirates boarded the Saudi-registered tanker Sirius Star and forced its surrender by firing on the bridge. The Star, with $110 million in oil and a 25-member crew, was held until early January, when the ship’s owners paid a ransom estimated at $3-4 million. (Five pirates later drowned when their speedboat, loaded with $300,000 of the ransom money, capsized while ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "Pirate Attacks Threaten Shipping in Gulf of Aden".
Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.
Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.