AGL 38.10 Decreased By ▼ -0.06 (-0.16%)
AIRLINK 137.55 Increased By ▲ 3.36 (2.5%)
BOP 9.33 Increased By ▲ 0.48 (5.42%)
CNERGY 4.75 Increased By ▲ 0.06 (1.28%)
DCL 8.95 Increased By ▲ 0.28 (3.23%)
DFML 39.56 Decreased By ▼ -0.22 (-0.55%)
DGKC 85.30 Increased By ▲ 0.15 (0.18%)
FCCL 35.30 Increased By ▲ 0.40 (1.15%)
FFBL 75.52 Decreased By ▼ -0.08 (-0.11%)
FFL 12.68 Decreased By ▼ -0.06 (-0.47%)
HUBC 109.60 Increased By ▲ 0.15 (0.14%)
HUMNL 14.72 Increased By ▲ 0.62 (4.4%)
KEL 5.47 Increased By ▲ 0.07 (1.3%)
KOSM 7.96 Increased By ▲ 0.21 (2.71%)
MLCF 41.40 Increased By ▲ 0.03 (0.07%)
NBP 70.90 Increased By ▲ 1.20 (1.72%)
OGDC 195.70 Increased By ▲ 2.08 (1.07%)
PAEL 26.83 Increased By ▲ 0.62 (2.37%)
PIBTL 7.43 Increased By ▲ 0.01 (0.13%)
PPL 169.80 Increased By ▲ 5.95 (3.63%)
PRL 26.32 Decreased By ▼ -0.04 (-0.15%)
PTC 20.05 Increased By ▲ 0.58 (2.98%)
SEARL 87.31 Increased By ▲ 2.91 (3.45%)
TELE 7.89 Decreased By ▼ -0.10 (-1.25%)
TOMCL 35.55 Increased By ▲ 1.50 (4.41%)
TPLP 8.95 Increased By ▲ 0.23 (2.64%)
TREET 17.25 Increased By ▲ 0.07 (0.41%)
TRG 59.90 Decreased By ▼ -1.10 (-1.8%)
UNITY 31.64 Increased By ▲ 2.68 (9.25%)
WTL 1.38 Increased By ▲ 0.01 (0.73%)
BR100 10,833 Increased By 56.9 (0.53%)
BR30 32,712 Increased By 478.3 (1.48%)
KSE100 100,797 Increased By 714.7 (0.71%)
KSE30 31,292 Increased By 98.6 (0.32%)

Dozens of Somali Islamist insurgents stormed a port on Friday hunting the pirates behind the seizure of a Saudi supertanker that was the world's biggest hijack, a local elder said. The Sirius Star - a Saudi vessel with a $100 million oil cargo and 25-man crew from the Philippines, Saudi Arabia, Croatia, Poland and Britain - is believed anchored offshore near Haradheere, about half-way up Somalia's long coastline.
"Saudi Arabia is a Muslim country and hijacking its ship is a bigger crime than other ships," Sheikh Abdirahim Isse Adow, an Islamist spokesman, told Reuters. "Haradheere is under our control and we shall do something about that ship." Both the US Navy and Dubai-based ship operator Vela International said they could not confirm a media report the hijackers were demanding a $25 million ransom. That would be the biggest demand to date by pirates who prey on boats in the Gulf of Aden and Indian Ocean off Somalia.
A pirate identifying himself as Jamii Adam told the Saudi-owned Asharq al-Awsat newspaper that negotiations were taking place with the ship's owners, saying the ransom demanded was not excessive but declining to give a figure. He said it had cost the pirates $500,000 to seize the vessel. "We bore many costs to hijack it," he said.
Iran's biggest shipping firm said gunmen holding a Hong Kong-flagged ship carrying wheat and 25 crew members had set demands for its release, but it did not reveal what they were.
An upsurge of attacks this year has forced up shipping insurance costs, made some firms go round South Africa instead of via the Suez Canal, brought millions in ransom payments, and prompted an international naval response. Islamist leaders deny allegations they collude with pirates and insist they will stamp down on them if they win power, citing a crackdown when they ruled the south briefly in 2006.
Some analysts, however, say Islamist militants are benefiting from the spoils of piracy and arms shipments facilitated by the sea gangs. Analysts also accuse government figures of collaboration with pirates. Somalia has been without effective central government since the 1991 toppling of a military dictator by warlords.
The capture of the Sirius Star has caused panic around the world, with the rampant piracy threatening to become a further drag on trade at a time of global economic downturn. Kenya's Foreign Minister Moses Wetangula summoned foreign ambassadors in Nairobi to appeal for their countries to make all efforts to end the menace. "Act now and not tomorrow," he said.
President Abdullahi Yusuf said in Nairobi that Somalis had only themselves to blame for their difficult circumstances. "No one attacked us and forced us into this condition. It is as a result of our actions that we destroyed our nationhood. The freedom and the unity of the Somali people is on the edge of falling, Yusuf told reporters.

Copyright Reuters, 2008

Comments

Comments are closed.