Monday, November 30, 2009


U.S.-Bound Supertanker Seized by Pirates Off Somalia (Update1)

The vessel, which can carry 2 million barrels of oil, was taken by Somali pirates in the Somali Basin about 600 nautical miles northeast of the Seychelles, the European Union anti- piracy naval force in the region said on its Web site today.

“The range of pirates has increased over that which we would have expected,” Mark Jenkins, an analyst at Simpson, Spence & Young Ltd., the second-largest shipbroker, said by phone. “It does imply there’s a need for greater vigilance to safeguard against these things.”

... watch the oil price ...

# posted by intcoex : 3:37 AM




<< Home

This page is powered by Blogger. Isn't yours?

Subscribe to Posts [Atom]