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Pirates Rake in $150M at Expense of Global Economy


[ FOXNews ]   21/11/08 , 21:56   / 4 reads
 


In further evidence of the ongoing creation of a pirate economy, Kenya's foreign affairs minister says Somali pirates have collected more than $150 million in ransom over the past year, and called on ship owners not to pay when their vessels are hijacked.

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21/11 22:56 Somali pirates build up defences after making ransom demand
MOGADISHU (AFP) - Somali pirates built up their defences around a captured Saudi Arabian super-tanker Friday after demanding a 25 million dollar ransom.... / afp
21/11 22:00 Pirates bolster defences around hijacked tanker
Somali pirates are building up their defences around a captured Saudi Arabian super-tanker after demanding a $25 million ransom for the ship and its huge cargo of crude oil.$... / Times Online