Pi­rates of (mis)for­tune

Finweek English Edition - - Letters -


IN THE BIG­GEST ACT of piracy yet recorded in So­ma­lia’s trou­bled wa­ters, pi­rates boarded a Saudi su­per-tanker car­ry­ing oil worth US$100m and a Hong Kong reg­is­tered ship loaded with wheat des­tined for Iran. The at­tacks – which hap­pened within 24 hours of each other – again high­lighted the risks ships took sail­ing in the Gulf of Aden and off So­ma­lia’s coast. THE CI­TI­ZEN re­ported that Nato – re­act­ing to the seizures – was con­sid­er­ing de­ploy­ing war­ships to pa­trol the se­away. The Lon­don Fi­nan­cial Times warned the seizure of the Saudi tanker could have a neg­a­tive im­pact on the price of Brent crude oil, which had dropped dras­ti­cally over the past month.


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