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...
KUALA LUMPUR (AFP)–A Malaysian court Friday charged seven suspected Somali pirates for firing at Malaysian navy commandos in a Gulf of Aden raid, under laws that carry the death penalty.
Three of the accused are just 15 years old and if found guilty wouldn’t face the possibility of execution, a penalty that is carried out by hanging in Malaysia.
They were charged with firing at members of the Malaysian armed forces while committing a robbery, with the intention to cause death or injury, in the January 20 raid. They didn’t enter a plea.
The seven have been held on remand in Malaysia since January 31, when they arrived on board the tanker MT Bunga Laurel, which was seized by pirates along with its crew of 23 on January 20.
(c) 2011 Dow Jones & Company, Inc.
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