Somali pirates who commandeered a Saudi supertanker are now asking for a $15 million ransom, down from an original $25 million demand. The Sirius Star carries a crude oil cargo estimated at $100 million.
Somali Islamist insurgents are hunting for pirates who seized a Saudi oil supertanker, in the world's biggest hijack, saying that capturing a Muslim-owned ship is a crime. Other cargo ships are being forced to divert their routes to avoid pirates.
The UN security council voted to impose sanctions on anyone contributing to violence in Somalia. This as major shipping companies are being forced to divert their ships from the Suez Canal to longer routes to avoid Somali pirates.
Somalia's transitional government has very little real authority. And Ethiopia, which props it up with thousands of troops, is getting impatient with its bickering. Meanwhile, Islamist militants are again closing in on the capital.
The world's shipping industry is having to grapple with an ancient threat of the seas: piracy. Somali pirates are becoming increasingly brazen in the Gulf of Aden, a vital shipping route. How is the shipping industry responding?
Owners of a captured Saudi tanker are in ransom negotiations with Somali pirates despite warnings that such payments exacerbate piracy. The talks follow the sinking of a pirate ship by an Indian warship in the Gulf of Aden.
An Indian warship destroyed a Somali pirate vessel in a brief battle late on Tuesday. Other Asian nations also plan to send military ships to secure the Gulf of Aden, in an attempt to secure the area after a recent spike of pirate attacks.
Al Jazeera has issued an audio tape presented as a message from one of the pirates who captured a huge Saudi oil supertanker on Monday. The group demands an unspecified ransom, and claims to have machines that detect fake money.
Pirates have commandeered a huge Saudi-owned crude oil supertanker off the east coast of Africa, the largest vessel ever seized by force. Meanwhile, a Hong Kong cargo ship was hijacked by pirates near the Yemen coast.