They don't make headlines everyday but neither are they wiped out from the blue waters of Arabian Sea to rest in history pages. The politically unstable Somalia is a heaven for breeding and sheltering these pirates.
It is said to have formed a kind of organised business by syndicates operating as pirates, giving employment to youths, taking hostage of ships plying near Gulf of Aden, and extorting from their owners. This has led to increased insurance costs of ships and world trade has suffered.
Recently it was only 32 months after a ship MV Iceberg 1 was taken hostage by Somalia pirates that the crew members have been rescued, including 5 Indians.
It is said to have formed a kind of organised business by syndicates operating as pirates, giving employment to youths, taking hostage of ships plying near Gulf of Aden, and extorting from their owners. This has led to increased insurance costs of ships and world trade has suffered.
Recently it was only 32 months after a ship MV Iceberg 1 was taken hostage by Somalia pirates that the crew members have been rescued, including 5 Indians.
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