Browse
related articles
Global alarm over piracy
- Saudi Arabia: Wednesday, November 19 - 2008 at 08:56
Saudi Foreign Minister Prince Saud Al Faisal said his country would support a European-led initiative to step up security in shipping lanes off Africa's east coast, after pirates hijacked one of its supertankers carrying a $100m oil cargo, reported Reuters. Increasing pirate activity in the Gulf of Aden and Indian Ocean waters off Somalia has driven up insurance costs, forced some ships to go round South Africa instead of through the Suez Canal, and secured millions of dollars in ransoms. The capture of the Sirius Star is one of the most spectacular strikes in maritime history.
Related Content
Article Options
Jeff Florian, Senior ReporterWednesday, November 19 - 2008 at 08:56 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Disclaimer »
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.
In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
