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Times of the Internet (Free subscription) | 30/11/2008
NAIROBI, Kenya, Nov. 30 (UPI) -- The owners of a Ukrainian arms ship hijacked off Somalia more than two months ago have agreed to pirates' $20 million ransom demands, an official says. The Kenya Seafarers Association said Sunday that the MV Faina, which was carrying a cargo of Soviet-era tanks and other munitions to Kenya, will be freed as soon as its owners can work out a payment schedule...
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Moldova.org (Free subscription) | 30/11/2008
The owners of a Ukrainian arms ship hijacked off Somalia more than two months ago have agreed to pirates' $20 million ransom demands, an official says. The Kenya Seafarers Association said Sunday that the MV Faina, which was carrying a cargo of Soviet-era tanks and other munitions to Kenya, will be freed as soon as its owners can work out a payment schedule with the Somali pirates who...
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The Star (Free subscription) | 29/11/2008
The 18-year-old son of a Sandton businessman was kidnapped this week after giving his residential address to his assailants, who were known to him.
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IOL (Free subscription) | 29/11/2008
... forced into a car by his kidnappers and driven away before the suspects contacted his father to demand a R400 000 ransom. "The suspects knew the boy very well," said police spokesperson Superintendent Lungelo Dlamini."On their arrival they called the victim outside the security gate and forced him into a VW Golf with a toy gun. They [suspects] then contacted his father, demanding...
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The Earth Times Online Newspaper (Free subscription) | 26/11/2008
Kiev - Somali pirates holding the crew of a Ukrainian cargo ship loaded with tanks and munitions reduced their ransom demand to a cut-rate three million dollars, Sehodnia newspaper reported Wednesday. The seventeen officers and crew of the MV Faina, ...
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News.com.au (Free subscription) | 27/11/2008
THE chairman of Lloyd's insurance said it was "highly likely" the owners of a Saudi tanker seized by Somali pirates would pay the ransom demanded for its release.
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The Irish Times (Free subscription) | 25/11/2008
MOGADISHU - Somali pirates holding the Saudi supertanker Sirius Star after the largest hijacking in maritime history have reduced their ransom demand to $15 million (€11.6 million), an Islamist leader and regional maritime group both said yesterday.
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Daily Mail News (Free subscription) | 25/11/2008
Somali pirates holding an oil supertanker in the largest hijacking in maritime history have reduced their ransom demand to £10million.
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Financial Time (Free subscription) | 25/11/2008
The owners of the hijacked Saudi oil tanker face months of negotiations and may have little option but to pay, amid reports suggesting the Somali pirates might lower their $25m demand
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Daily Mail News (Free subscription) | 25/11/2008
Somali pirates holding an oil supertanker in the largest hijacking in maritime history have reduced their ransom demand to £10million.
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The Independent (Free subscription) | 25/11/2008
mogadishu Somali pirates holding a Saudi supertanker have reduced their ransom demand to $15m (£10m), a local leader said yesterday. The gang had been quoted as wanting $25m to release the Sirius Star, captured on15 November in waters southeast of Kenya.
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PoliGazette (Free subscription) | 6 hours ago
... not a response is attempted and since the cost of extended military operations vastly exceeds the ransom demands of the pirates, the net cost of mounting a response is always greater than simply paying the ransom. The greater risk to the lives of the hostages that comes along with mounting a military response exacerbates this “risk deficit”. The reason for the relative non-response...
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International Herald Tribune (Free subscription) | 11 hours ago
A rough back-of-the-envelope calculation shows that the operation to hijack the Saudi tanker, the Sirius Star, cost no more than $25,000, assuming that the pirates bought new equipment and weapons ($450 apiece for an AK-47 Kalashnikov, $5,000 for an RPG-7 grenade launcher, $15,000 for a speedboat). That contrasts with an initial ransom demand to the tanker's owner, Saudi Aramco, of $25...
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Hunt of the Sea Wolves (Free subscription) | yesterday
UPI The owners of a Ukrainian arms ship hijacked off Somalia more than two months ago have agreed to pirates’ $20 million ransom demands, an official says. The Kenya Seafarers Association said Sunday that the MV Faina, which was carrying a cargo of Soviet-era tanks and other munitions to Kenya, will be freed as soon as its [...]
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News.com.au (Free subscription) | 30/11/2008
PIRATES guarding an arms-laden Ukrainian ship said overnight it would be released within days, but the fate of a Saudi oil carrier was unclear hours from the expiry of a $US25 million ($38 million) ransom demand.
