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 ...

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