Negotiations for the release of the Saudi-owned supertanker seized by pirates off Somalia continued Thursday, with the pirates asking for $25 million in ransom, news agencies reported. Meanwhile, one of Europe’s largest shipping companies announced...

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BEIJING, Nov. 21 (Xinhua) -- With their Nov. 15 capture of the Sirius Star, one of the world's largest oil tankers carrying 2 million barrels of Saudi oil, the biggest vessel ever hijacked at sea, Somali pirates leaped into the global...
DOCUMENT 21 November 2008 Posted to the web 21 November 2008 Despite the recent political progress in Somalia, conditions on the ground continued to deteriorate and coherent international action was needed to stem instability in the East...
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Shippers controlling almost a quarter the global fleet of crude-oil supertankers may avoid Egypt's Suez Canal after an increase in piracy off east Africa, potentially raising the cost of delivering the commodity. A.P. Moeller Maersk A/S,...