Somalia piracy: Are we witnessing its return off the country's coast?
Hijackers are once again targeting ships off Somalia's coast and a recent spike in attacks has brought back memories from more than a...
Source: businessghana.com
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Somalia piracy: Are we witnessing its return off the country's coast?
Recent India Ocean hijackings are fuelling concerns that an old problem could be making a comeback.
Source: yahoo.com
India navy rescues two hijacked vessels off Somalia coast in two days
Nineteen Pakistani sailors were among those rescued by an Indian warship off Somalia's coast.
Source: bbc.com
Naval War Expands: Two U.S. Navy Seals Reported Lost Fighting Somali Pirates
It's being reported today that two US Navy Seals have gone missing off the coast of Somalia in the Gulf of Aden, after trying to board a Somali pirate ship. The Somali pirate business, and it is a BIG business as they have their own "stock exchange" and insurance companies earn $BILLIONS from it, had died down for several years, but at least four vessels have been hijacked since November off the Somalia coast, two of which are still being held ransom by pirates. This is more bad news for European countries as the halt of shipping on the Red Sea has forced most vessels to go arou...
Source: healthimpactnews.com
Return of piracy on Somalia waters to push up costs
The disruption to middle eastern supply, after the recent Red Sea attacks to merchant ships, will affect commodity prices and insurance premiums.
Source: theeastafrican.co.ke