News articles on Black Market Activities

Somali Pirates negotiating for $8 million

The pirates holding a Ukraine ship filled with arms is currently negotiating a $8 million bounty.

From the IHT:

The Somali pirates who hijacked an arms-laden Ukrainian freighter nearly two weeks ago may soon be getting their treasure — loads of it, maritime officials and associates of the pirates said on Wednesday.

After sticky negotiations, which several people involved likened to bazaar-style haggling, a deal seemed to be close in which the pirates would be paid millions of dollars and the ship would be freed.

“The pirates and the ship owners have agreed on around $8 million,” said Ahmed Omar, a businessman in Xarardheere, a notorious pirate den on the coast of Somalia. “The ship may be freed today or  tomorrow.”

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Date
October 8th, 2008

Author
havocscope


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