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Wednesday, November 19, 2008

The international community confronts the Somali pirates

The latest attack on a Saudi oil tanker (M/V “Sirius Star”-Liberian flag) by Somali pirates, has presented once more the inability of the international community to solve the issue of safe maritime trade in the vital area between the horn of Africa and the Aden Straights.

The vessel was carrying oil worth more than 100 million USD, equivalent to 3% of the daily production, truly a significant amount for the world energy trade.

According to the latest reports the ship is currently being transferred to Somalia where the radical Islamists have taken over control of most of the country.

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