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Somali pirates want $15 million for Saudi ship: Islamist
The Calgary Herald / Reuters ^ | November 24, 2008 | Abdi Sheikh

Posted on 11/24/2008 12:11:54 PM PST by 2ndDivisionVet

MOGADISHU (Reuters) - Somali pirates holding a Saudi supertanker after the largest hijacking in maritime history have reduced their ransom demand to $15 million, an Islamist leader and regional maritime group both said on Monday.

The November 15 capture of the Sirius Star -- with $100 million of oil and 25 crew members from Britain, Poland, Croatia, Saudi Arabia and the Philippines -- has focused world attention on rampant piracy off the failed Horn of Africa state.

Scores of attacks this year have brought millions of dollars of ransom payments, hiked up shipping insurance costs, sent foreign naval patrols rushing to the area, and left about a dozen boats with more than 200 hostages still in pirate hands.

The gang had originally been quoted as wanting $25 million to release the Sirius Star, which was captured far from Somali waters about 450 nautical miles southeast of Kenya.

But Islamist spokesman Abdirahim Isse Adow, whose men are in the Haradheere area where the ship is being held offshore, said the demand went down. "Middlemen have given a $15 million ransom figure for the Saudi ship. That is the issue now," he said.

Residents say pirates have taken the ship further out to about 100 km (62 miles) off the coast of central Somalia after Islamist militia poured into the town in search of the pirates.

Adow, who represents the Islamic Courts Union (ICU), says his men are out to confront the pirates and free the Saudi Arabian Very Large Crude Carrier (VLCC) because it is a "Muslim" ship. But residents say other Islamist militia want a cut of any ransom payment.

FOREIGN WARSHIPS

Andrew Mwangura, coordinator of Mombasa-based East Africa Seafarers Programme, said his sources were confirming a reduced $15 million demand.

(Excerpt) Read more at canada.com ...


TOPICS: Business/Economy; Crime/Corruption; Extended News; Foreign Affairs; War on Terror
KEYWORDS: africa; economy; ethiopia; islam; jihad; jizyah; pirates; saudiarabia; somalia; terrorism; thomasjefferson
What a mess!
1 posted on 11/24/2008 12:11:55 PM PST by 2ndDivisionVet
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To: 2ndDivisionVet
Pay the ransom...place some kind of homing transmitter in the bag or on the bills themselves and then,when the tanker is recovered,send them a little surprise.
2 posted on 11/24/2008 12:18:10 PM PST by Gay State Conservative (Obama:"Ich bin ein beginner")
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To: 2ndDivisionVet

Just bomb these damned Somali villages these guys are working out of and be done with it. If they decide to sink the damn thing and ruin their own fishing waters with the oil, let ‘em all starve.


3 posted on 11/24/2008 12:21:54 PM PST by Emmett McCarthy
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To: Emmett McCarthy

“I’ve been marked down.” - Bette Midler “Ruthless People”


4 posted on 11/24/2008 12:28:32 PM PST by massgopguy (I owe everything to George Bailey)
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To: Emmett McCarthy

“I’ve been marked down.” - Bette Midler “Ruthless People”


5 posted on 11/24/2008 12:31:40 PM PST by massgopguy (I owe everything to George Bailey)
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To: 2ndDivisionVet

Problem solved.

6 posted on 11/24/2008 12:34:25 PM PST by WakeUpAndVote (Proud member of the Vast Right Wing Conspiracy!)
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To: 2ndDivisionVet

pirate islamics screwing Saudi islamics—let’em work out the deal w/o interference.


7 posted on 11/24/2008 12:38:22 PM PST by lilylangtree (Veni, Vidi, Vici)
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To: 2ndDivisionVet

“Hide the rum”, but 15 mil will buy lots of rum! Aye!


8 posted on 11/24/2008 12:39:27 PM PST by BlueStateBlues (Blue State for business, Red State at heart..)
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To: WakeUpAndVote

To 6:

You sunk my battleship. My next move is to H 3


9 posted on 11/24/2008 12:40:15 PM PST by BlueStateBlues (Blue State for business, Red State at heart..)
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To: 2ndDivisionVet

Saudi Special Forces will recapture the vessel and exterminate the pirate vermin


10 posted on 11/24/2008 12:42:17 PM PST by bert (K.E. N.P. +12 . Save America......... put out lots of waferin)
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To: 2ndDivisionVet

Rush Limbaugh has been advising the Somalian pirates in the skills of properly negotiating the value of their ransom requests. They raised the $10 million initial ransom as a result.


11 posted on 11/24/2008 12:48:33 PM PST by Broker (JPM or GS)
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To: 2ndDivisionVet

Let’s see. The pirates have lowered their demand from $25 million to $15 million. If this were oil or wheat and if we are to believe that the markets are predictors of the future value of something then it would seem that someone on the Pirate Futures Trading Desk is betting that it might be wise to get what you can now and run.

Where’s old Steve Decatur when you need him.


12 posted on 11/24/2008 1:14:26 PM PST by technically right
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To: 2ndDivisionVet

This is trivial, Citigroup wants $300B to release their hold on the economy.


13 posted on 11/24/2008 1:54:10 PM PST by palmer (Some third party malcontents don't like Palin because she is a true conservative)
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To: 2ndDivisionVet

Paging Hank Paulson — bailout cash needed by Saudi Royal clan. Bring large bills + case of rum. Arggh ...


14 posted on 11/24/2008 2:10:22 PM PST by webschooner
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To: 2ndDivisionVet
Dear Somirates,

Nuts!

15 posted on 11/24/2008 3:57:29 PM PST by babbabooey
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