Sadly, the economic downturn has put a squeeze on the piracy business.
The Somali pirates have dropped $10 million from their initial request of $25 million for the captured Saudi tanker.
The oil tanker MV Sirius Star is at anchor off the coast of Somalia. Somali Islamist fighters urged pirates holding a Saudi super-tanker to free the ship or face armed action. (AFP/US NAVY)
A Somali Islamist leader said the ransom for the hijacked supertanker Sirius Star has been reduced from 25 to 15 million dollars. “Middlemen have given a $15 million ransom figure for the Saudi ship. That is the issue now,” said Abdurrahim Isse Adou, the spokesman of the Islamic Courts Union quoted by various media reports.
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Saudi oil giant Aramco’s subsidiary Vela International owns the hijacked supertanker Sirus Star, which has a 25-member crew on board from Poland, Britain, Croatia, Saudi Arabia and the Philippines.
The tanker is fully loaded with two million barrels of oil worth over 100 million dollars.