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Sunday, 27 December 2009 - Somali pirates say $4 million ransom paid for coal ship |
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    Edition: U.S. Article Save Email Print Reprints Most Popular Most Shared Japan teens skipping breakfast have sex younger 26 Dec 2008 "Dead" man wakes up under autopsy knife 17 Sep 2007 Charlie Sheen tops list of high-paid TV stars 04 Aug 2008 Venice flooded by highest water levels in 22 years 01 Dec 2008 Older white women join Kenya's sex tourists 26 Nov 2007 Iran website says four killed in Tehran protests 6:16am EST UPDATE 1-Sanofi breast cancer drug gets FDA fast-track nod 11 Dec 2009 Thailand says Hmong repatriation imminent 3:18am EST Oklahoma firm recalling beef products in six states 26 Dec 2009 Hand-to-mouth recipes for Michelin success 26 Dec 2009 Somali pirates say $4 million ransom paid for coal ship Abdi Guled MOGADISHU Sun Dec 27, 2009 6:41am EST Related News Navies too stretched on piracy in Indian Ocean: UK Wed, Dec 23 2009 Pirates seize Indian dhow off Somalia: official Mon, Dec 14 2009 Somali piracy tribunals unlikely, despite calls Thu, Dec 10 2009 Somali pirates free Greek ship after ransom paid Thu, Dec 10 2009 Somali sea gangs lure investors at pirate lair Tue, Dec 1 2009 MOGADISHU (Reuters) - A helicopter dropped a $4 million ransom payment on Sunday on to the deck of a Chinese coal ship hijacked by Somali pirates in mid-October, a pirate source on board the vessel said. World The De Xin Hai and its 25 crew were carrying about 76,000 tons of coal from South Africa to Mundra in India when it was seized in an audacious attack by the gunmen some 700 miles east of the Horn of Africa. Heavily armed sea gangs from Somalia have made tens of millions of dollars in ransoms hijacking vessels in the Indian Ocean and strategic Gulf of Aden, which links Europe to Asia. Patrols in the area by warships from several nations only appear to have forced the pirates to hunt further from shore. "A helicopter dropped the ransom money on to the ship. We have received $4 million," Hassan, one of the pirates on the De Xin Hai, told Reuters by telephone to cheers in the background. "We hope to disembark in a few hours," he added. "The crew is safe and, although they will not have their freedom for a few more days, they are all happy now." The chaos in the waters off Somalia is a reflection of a civil war on land that has killed 19,000 civilians since the start of 2007 and driven 1.5 million from their homes, triggering one of the world's worst humanitarian emergencies. Western security agencies say the drought-ridden nation has become a safe haven for militants, including foreign jihadists, who are using it to plot attacks across the region and beyond. FIRST COAL SHIP HIJACKING The October 19 hijacking of the De Xin Hai, which is owned by Qingdao Ocean Shipping, a unit of China Ocean Shipping or COSCO, was the first known seizure of a coal ship by Somali pirates. Indian coal traders warned at the time that this might encourage the gangs to seize other coal ships, since these dry bulk carriers are smaller and have relatively small crews. Experts say a higher risk of pirate attacks could disrupt an expected increase in the volume of South African coal heading to India after a boom in Indian demand over the last two years. China sent three warships to Somali waters late last year with great fanfare after a ship carrying oil to China was attacked by pirates. But Chinese warships, like those from other countries, provide protection mainly in the narrow and dangerous Gulf of Aden, not in the much larger Indian Ocean. In late October and again in November, the pirates on board the De Xin Hai threatened to execute its 25 mostly young sailors if the Chinese military tried to rescue them. Separately on Sunday, regional maritime officials said Somali pirates freed an Indian fishing dhow last week, the Laxim Sagar, and its 10 crew. They were hijacked earlier this month. The officials said no ransom was paid, but the gunmen stole money and belongings from the sailors before disembarking. World More from Reuters Pictures of the Year A look at the best photos of 2009.  Slideshow  PICTURES What a wacky year it's been... Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article  The year of all things moronic Stories that got the biggest laughs Headlines that turned your heads Oddly Enough Political Risk in 2010: Don't say we didn't warn you With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article  Tougher investment choices ahead Will investors embrace "risk" trades? Global Markets © Copyright 2009 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index   Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts.com Buyouts Europe: Buyouts Conferences: Venture Capital Journal ECVJ International Financing Review International Securitisation Report Project Finance International PEhub.com PE Week Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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