InfoAnda - South Korea sends destroyer after pirates seize tanker |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Fresh Spanish public debt, bad loan figures pile on pressure | 18 December 2010
'Subtle, sneaky' swine flu could hit poor nations: WHO | 23 May 2009
ABC cancels "Life on Mars" | 3 March 2009

Congressional Black Caucus Accepts Harry Reid's (D-Nev) Apology | 12 January 2010

Forum Views () Forum Replies ()

Read more with google mobile : South Korea sends destroyer after pirates seize tanker |

Edition: U.S. Article Comments (0) Slideshow Save Email Print Reprints Most Popular Most Shared Strong quake shakes cities around U.S.-Mexico border 2:58am EDT China quiet on U.S. currency report delay | Video 2:41am EDT Asian stocks rise on strong U.S. jobs data | Video 2:49am EDT Buffett's Berkshire is best-regarded U.S. company 04 Apr 2010 Over 100 pulled alive in China mine "miracle" | Video 3:22am EDT Strong quake shakes cities around U.S.-Mexico border 2:58am EDT China quiet on U.S. currency report delay | Video 2:41am EDT Asian stocks rise on strong U.S. jobs data | Video 2:49am EDT Buffett's Berkshire is best-regarded U.S. company 04 Apr 2010 Over 100 pulled alive in China mine "miracle" | Video 3:22am EDT South Korea sends destroyer after pirates seize tanker Cho Mee-young SEOUL Sun Apr 4, 2010 11:49pm EDT Related News Valero confirms ownership of cargo on hijacked VLCC Sun, Apr 4 2010 Valero confirms ownership of cargo on hijacked VLCC Sun, Apr 4 2010 U.S. Navy captures pirates in clash off Seychelles Thu, Apr 1 2010 U.S. Navy captures pirates in clash off Seychelles Thu, Apr 1 2010 Turkish commandos seize 9 pirates in Gulf of Aden Thu, Apr 1 2010 < 1 / 2 > View Full Size SEOUL (Reuters) - South Korea has sent a destroyer to intercept a supertanker carrying as much as $170 million worth of crude oil that was seized by Somali pirates, officials said on Monday. World | South Korea The South Korean-operated, Singapore-owned Samho Dream, which can carry more than 2 million barrels of crude oil, was hijacked on Sunday en route from Iraq to the United States, in the latest sign the sea gangs are targeting bigger quarry. "The government has dispatched our Cheong-hae naval unit to the waters of the Indian Ocean, where the ship hijacked by Somali pirates is assumed to be," the Foreign Ministry said in a statement. South Korea's anti-piracy Cheong-hae unit has a destroyer in the area to protect its commercial vessels. Local media said the destroyer, which can travel faster than the supertanker, would be able to reach the ship before it could reach any port. The tanker's crew of five South Koreans and 19 Filipinos was taken hostage when it was seized about 1,560 km (970 miles) east of the Somali coast. "We can't reach the crew at all," said an official at SGSM, a subsidiary of Samho Shipping, which operates the tanker. Texas-based refiner Valero Energy Corp said it was the owner of the crude oil cargo, which was bound for the U.S. Gulf Coast. "Asian importers including Korean will see little impact as their crude oil imports from the Middle East are moving in the opposite direction. U.S. importers will have problems," said a trader at the country's biggest oil refiner SK Energy. INSURANCE COSTS Increasingly brazen pirate activity has driven up insurance costs, forced some ships to go around South Africa instead of through the Suez Canal, and secured millions of dollars in ransoms. A Nairobi-based maritime group said the tanker had been seized by Somali pirates, and a pirate source named Mohamed said the ship was now heading for Haradheere, the port and pirates' base at which many ships are held during ransom negotiations. While attacks in the Gulf of Aden and the Indian Ocean have become an increasing risk for all vessels in recent years, it is rare for pirates to successfully seize the kind of massive supertankers that carry most Gulf crude to refiners. The first successful assault on a very large crude carrier (VLCC) occurred in late 2008 when pirates took the Saudi-owned Sirius Star, the biggest ship hijacking to that date. Another, the Greek-flagged Maran Centaurus, was seized last November and held for nearly two months until a ransom believed to be between $5.5 million and $7 million was paid. The 319,000 deadweight tonnage Samho Dream, which was built in 2002, is carrying crude oil that could be worth as much as $170 million at current oil prices. It holds the equivalent of more than one day's worth of Iraqi exports. (Additional reporting by Jack Kim and Christine Kim in Seoul and Erwin Seba in Houston; Writing by Jon Herskovitz; Editing by Alex Richardson) World South Korea Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. More from Reuters Strong quake shakes cities around U.S.-Mexico border MEXICALI, Mexico (Reuters) - Roads were torn up, buildings cracked and electricity posts toppled on Monday after a 7.2 magnitude earthquake shook cities in northern Mexico and Southern California, but few casualties were reported. China quiet on U.S. currency report delay | Video Asian stocks rise on strong U.S. jobs data | Video Buffett's Berkshire is best-regarded U.S. company Over 100 pulled alive in China mine "miracle" | Video Australia battles to stabilize Barrier Reef ship » More Top News Inside the "Devil's Casino" A new book on the posterboy of the financial crisis unearths a goldmine of gossip about poisoned friendships and Richard Fuld's fatal flaw. Full Article The temptations of a fund manager Economy Vying to fund Foursquare Venture Capitalists are obsessed with the new location-based social media service "Foursquare" and are jockeying to throw money at the start-up. Video Geolocation 101 and your privacy VC doubles iPhone app developer fund Small Business © Copyright 2010 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 Venture Capital Journal International Financing Review 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.

Other News on Monday, 5 April 2010
Triple blasts target Baghdad embassies, killing 30
Bomb defused outside N.Ireland police station: police
NATO admits Afghan civilian deaths in night raid |
Senegal takes back French military bases in symbolic move
Turkish court orders rearrest of coup plot officers
Israel allows clothes, shoes into blockaded Gaza
British kissing couple loses jail appeal in Dubai
Fighters kill U.N. peacekeeper in north Congo attack |
Obama attends Easter service at historic black church
'Long way to go' in taming US joblessness: White House
Karzai rallies tribes, distances self from West |
Pope shuns paedophilia scandal as Christians mark Easter
Four Shot Dead Inside California Restaurant
Teacher identified by father as 2nd Moscow bomber |
Afghan leader seeks support for new offensive
Nine rescued alive from flooded China mine: state TV
State TV says 9 rescued from flooded Chinese mine
Nine rescued alive from flooded China coal mine: state TV
UN's Ban calls Aral Sea 'shocking disaster'
Karzai pledges consultation before new offensive
Thai protesters pledge to leave commercial area
South Korean oil tanker seized by Somali pirates
Karzai pledges consultation ahead of new offensive
Australia warns stranded Chinese ship could break up
US-ENTERTAINMENT Summary
US-ENTERTAINMENT Summary
"Clash of the Titans" leads box office
W.Cup anthem singer stirs few in native Somalia
Clash of the Titans leads worldwide box office |
Over 100 pulled alive in China mine miracle |
Protesters force way into Thai Election Commission |
Suicide bomber kills two policemen in Russia |
Obama Attends Easter Service In Ward 8, Poorest Of DC Neighborhoods
North Korea threatens to abandon U.S. MIA remains |
Heroic Father Rescues Daughter From NY River
U.S. Navy Calls Off Sea Seach; Declares Pilot Dead
Strong quake shakes cities around U.S.-Mexico border |
Man Allegedly Stabs Wife 70 Times
Pakistan's Army accused of extra-judicial killings |
Nearly half of Japan's voters don't support any party |
War still raging for South Korean POWs in North |
Cuba says no giving in to dissident blackmail |
South Korea sends destroyer after pirates seize tanker |
Killer Mexico quake rattles southwestern US
Suicide bomber kills two in Russian Caucasus
Major quake in Mexico rocks southwestern US
Angelie Jolie, Brad Pitt in surprise visit to Sarajevo
Can the CIA sabotage Iran's nuclear project?
Major quake in Mexico rocks southwestern US
Haitians celebrate Easter in camps and cathedral ruins
Defiant Thai protesters fan out in nervous capital
Teens Find Man's Body During Iowa Easter Egg Hunt
Mekong nations join forces on shrinking river
FACTBOX-Key bills before South Korea's parliament
Martin couple each cast in TV pilots
S.Korea bonds steady, helped by low rates outlook
Chieftains' new album explores Irish-Mexican ties
Seoul shares slip on shipyards; techs advance
Ersatz skin, Sichuan pepper: the "greening" of cosmetics
Ban says Uzbekistan must observe human rights
Rescuers prepare for search in flooded China mine
Soderbergh shoots 'secret' film in Sydney
N.Korea threatens to stop preserving remains of US soldiers
Stranded Chinese ship threatens Great Barrier Reef
Australia rushes to contain Barrier Reef oil spill
Over 100 pulled alive in China mine "miracle"
100-plus trapped miners freed in China 'miracle'
Two killed in Ingushetia suicide bombing
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01