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My Profile Holiday Gift Guide Gift ideas & reviews for this holiday season Start Browsing You are here: Home > News > International > Article Home Business & Finance News U.S. Politics International Technology Entertainment Sports Lifestyle Oddly Enough Environment Health Science Special Coverage Video Pictures You Witness The Great Debate Blogs Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters You Witness News Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters Ransoms bring wealth to Somali pirate bases Sun Nov 23, 2008 2:50am EST Email | Print | Share | Reprints | Single Page [-] Text [+] By Abdiqani Hassan BOSASSO, Somalia (Reuters) - As dawn breaks over the Indian Ocean each morning, elders in Somali pirate bases sip strong coffee and clutch mobile phones to their ears, eager to hear the latest from the gunmen out at sea. Have any more ships been hijacked or ransom talks concluded? Any news of the Western warships hunting them? Last weekend's spectacular capture of a Saudi Arabian supertanker loaded with oil worth $100 million has jacked up the stakes in what is probably the only growth industry in the failed Horn of Africa state. Massive ransoms have brought rapid development to former fishing villages that now thrive with business and boast new beachside hotels, patronized by cash-rich buccaneers who have become local celebrities virtually overnight. Investors have been attracted from around Somalia. "There are some 'pirates' who never shoulder a gun or go out into the ocean, but they own boats which earn them a hell of a lot of money," gang member Bashir Abdulle told Reuters by phone from Eyl, the most notorious of the pirates' strongholds. Just three years ago, maritime security experts estimated there were just five Somali pirate groups and fewer than 100 gunmen in total. Now they think there are more than 1,200. Some analysts trace the gangs' roots to ties forged with criminal networks across the Gulf of Aden in Yemen during years of people-smuggling operations. Others say the buccaneers began life as a rag-tag "coast guard" formed by elders enraged by European fishing fleets illegally trawling Somali territorial waters for tuna, and even more clandestine craft dumping deadly toxic waste on its shore. LINKS TO REBELS? But the biggest lure now, of course, is the vast ransoms being paid for captured ships. Kenya says it thinks the pirates have received more than $150 million this year alone. Many young men who used to work as bodyguards and militia fighters for Somalia's many warlords and feuding politicians have quit with their guns to chase the rewards available out on the waves. And most worrying for the international community, some analysts see links between the pirates and Islamist militants who control Somalia's south and are advancing slowly on Mogadishu. In some areas, residents say the pirates are the only ones allowed to defy night time curfews imposed by the Islamists. For their part, militant leaders deny any connections and have vowed to attack the gang holding the Saudi supertanker in retaliation for their hijacking a "Muslim" ship. Continued... View article on single page Share: Del.icio.us Digg Mixx My Web Facebook LinkedIn Next Article: Obama tells Karzai Afghan security will be priority Also on Reuters Video Clinton reportedly OKs Obama's offer Even Google scales back on holiday fun Slideshow Memorable moments from the world of entrtainment in 2008 Editor's Choice Pictures Video Articles Slideshow A selection of our best photos from the past 24 hours. 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