Somali Pirates

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  • U.S. Court Upholds Somali Pirates’ Conviction

    nytimes.com 1 week, 1 day ago

    A United States federal appeals court upheld the convictions of five Somali pirates on Wednesday.

  • Somali Pirates Plead Innocence In Paris Trial

    yahoo.com 1 week, 2 days ago

    PARIS (Reuters) - Six Somali pirates went on trial in Paris on Tuesday charged with hijacking a French yacht in 2008, the second case of its kind to be brought before a French court in a bid to tackle the problem of piracy in the waters off the Horn of Africa. The men, aged 25 to 50, are accused of hijacking an 88-metre luxury yacht, the "Ponant", in the Gulf of Aden in April 2008, and holding 30 members of its crew hostage in exchange for a ransom of 2.15 million euros. ...

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Videos

  • Indian Court Grants Conditional Bail to Italian Marines

    Indian Court Grants Conditional Bail to Italian Marines

  • Top News Headlines: UN Says Houla Dead Were Executed

    Top News Headlines: UN Says Houla Dead Were Executed

  • Reds Lose To Pirates 4-1

    Reds Lose To Pirates 4-1

  • Appling County all set for Championship Series

    Appling County all set for Championship Series

  • Buxton, Appling County prepares for Pierce County

    Buxton, Appling County prepares for Pierce County

  • Somali, AU troops push towards Islamist Afgoye stronghold

    Somali, AU troops push towards Islamist Afgoye stronghold

  • Scherzer's 15-strikeout performance

    Scherzer's 15-strikeout performance

  • Scherzer Leads Tigers Past Pirates

    Scherzer Leads Tigers Past Pirates

Additional Info

via Wikipedia
Piracy off the coast of Somalia has been a threat to international shipping since the second phase of the Somali Civil War in the early 21st century. Since 2005, many international organizations, including the International Maritime Organization and the World Food Programme, have expressed concern over the rise in acts of piracy. Piracy has impeded the delivery of shipments and increased shipping expenses, costing an estimated $6.6 to $6.9 billion a year in global trade per Oceans Beyond Piracy. According to the German Institute for Economic Research, a veritable industry of profiteers has also risen around the piracy. Insurance companies, in particular, have profited from the pirate attacks, as insurance premiums have increased significantly.

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