As predicted in a previous post on this subject, Somali pirates were in for a big pay day after seizing an oil tanker, the Maran Centaurus, last November with $150 million worth of oil on board. The tanker has just been released after between $5.5 million and $7 million in ransom was dropped by helicopter onto the deck of the ship. This amount is a new record Continue reading
An oil-filled supertanker, hijacked just over a week ago by Somali pirates has reached the Somali coast. The biggest prize to date, the tanker is carrying approximately US$150 million worth of oil, so the pirates should be in for a hefty ransom payout.
Sharing in any ransom payout here will be a number of landlubbers who Continue reading
This is just a quick update on a few of our posts from the last week.
When I saw that a Chinese ship had been hijacked last week, I thought it was about time for a piracy report, as after a large burst of publicity late last year surrounding the Somali pirates, there has been very little follow up in the mainstream media. While piracy is no longer front-page news, it is still alive and well Continue reading