Tanker Rates Skyrocket To Fill Colonial Pipeline Shortages
By Elizabeth Low (Bloomberg) Oil tanker charter rates skyrocketed in the U.S. with refiners scrambling for ships to store fuel that has nowhere to go due to a cyberattack on...
ROME (Reuters) – Eleven Somali men who attacked an Italian oil tanker in January were each jailed for three and a half years on Tuesday after a Rome court convicted them of piracy and attempted kidnapping, officials at the hearing said.
The tanker’s crew managed to evade the attack. Soon after, Italian marines working with NATO’s Ocean Shield anti-piracy mission arrived on a helicopter and arrested the Somalis, together with 10 Yemeni crew, the ministry added.
Pirates operating in the Arabian Sea and off the east coast of Africa have preyed on international shippers, raking in millions of dollars in ransom payments. Several Italian ships have been captured.
– By James Mackenzie; Editing by Andrew Heavens, (c) 2012 Reuters
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