Somali pirates jack a Saudi oil tanker

Posted By Elizabeth Dickinson Monday, November 17, 2008 - 12:38 PM Share

Impressive. Somali pirates have now succesfully hijacked a Saudi oil tanker -- their biggest, though apparently not their first, such vessel. A crew of 25 is on board. This is just one of several pirate incidents this week.

Even more impressive? All this goes on under the watch of U.S., Russian, NATO, Indian, and now South Korean and EU ships. 

The world's largest shipping line, Odfjell SE, owns the ransomed tanker and now says that its shipping route will change -- steering around Africa's cape rather than across the perilous Gulf of Aden. Since 4 percent of the world's oil supply passes through the pirate-infested route, a change of direction would be no small shift. Two million barrels of oil were lost to pirates today, and now shipping costs -- and probably oil prices, to some extent -- will go up.

Under normal circumstances, the world would be pressuring the Somali government to reign in the renegade ship-lifters. But that government is no shape to do so. It's falling apart as Islamic insurgent groups gain terrority.

I can think of a few pirates who are smiling right now.

EXPLORE:AFRICA, DRUGS & CRIME, OIL, TRADE
 

ELIZABETH DICKINSON

4:58 PM ET

November 17, 2008

Actually.... Blackwater

Actually.... Blackwater already offered to help: http://blog.foreignpolicy.com/node/10067

 

BENJANE

10:37 AM ET

November 18, 2008

Who tipped the pirates? The

Who tipped the pirates?
The taking of a supertanker might stop the oil price drop. But any sailor will tell you that you can’t possibly take such a prize, with so many military patrols, without knowing in advance its exact position. Who tipped the pirates? Any eventual ransom paid by the ship owner will be easily repaid for by the price increase. Who really profits from the crime? This really sounds like a nasty financial plot.

 

TREVOSHEA

1:22 PM ET

November 18, 2008

Lego has to update their

Lego has to update their catalogue.

 

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