The International Association of Independent Tanker Owners, whose members own 2,900 tankers or 75% of the world's fleet, called for a military blockade of ships to keep the pirates from moving off their coastline.
But how easily would a blockade be constructed along the 2,400 miles of Somali coastline?
And why haven't the 14 military ships from Denmark, France, India, Malaysia, Pakistan, Russia, the U.S. and NATO, been more successful in blocking these renegade Somali speed boats?
Reduced Ransom
The pirates also seem to be learning about the woes of the world economy and are adjusting their ransom prices accordingly.
Andrew Mwangura, the coordinator of the East Africa Seafarers Programme based in Mombasa — said that his sources confirmed that the pirates would now settle for $15 million for the ship, which is $10 million less than their initial price for the Arabian Sirius Star.
Another hijacking
On Monday, Yemen's Interior Ministry said Somali pirates have hijacked a Yemeni cargo ship in the Arabian Sea. The hijacking brings the year's total to more than 40.
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