Tag Archives: Somali piracy

Somali piracy: Latest News

  • Weapons Buildup, Anger Fuel Threat Of Renewed Somali Piracy

    Somali piracy By Reuters, 9:38 pm

    Monday’s hijack followed a long hiatus, with only 4 unsuccessful attempts in the past 3 years. The lull encouraged foreign fishing vessels to return to Somali waters. Now shipping companies are scrambling to learn if pirates will once again threaten one of the world’s most important shipping lanes and cost the industry billions of dollars. Locals are infuriated at government failure to crack down on foreign fishing vessels. The last straw was when 7n Thai fishing vessels paid the local government more than $672,000 for fishing licences, A Bosasso-based weapons dealer said orders have increased for rocket-propelled grenades, machine guns and ammunition.

  • 10 Things You Didn’t Know About Somali Pirates

    By Julia Austin, 9:41 am

    After the success of the movie “Captain Phillips” there has been a lot more interest in the history and culture of Somali pirates. Were they accurately portrayed in the movie? Should we be as afraid to travel through certain waters as the movie — and news reports — suggest? Are the pirates’ motives purely monetary? At one point, Somali pirates were estimated to be holding 18 cargo ships and around 300 sailors hostage. Three Somali pirates were killed in a fight over the ransom paid to free a German-American journalist released after years in captivity, AP reported in September. Here are 10 things you didn’t know about Somali pirates.

  • Eco-Terrorism? How al-Shabaab Is Making, Losing Money

    By Dana Sanchez, 4:10 pm

    Al-Shabaab’s charcoal trade has affected the environment, leaving Somalia’s forests decimated, AlArabiya reports. “Somalis by and large aren’t jihadists, but they’re certainly one of the most entrepreneurial people around in the world,” said one global intelligence expert.

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