A product tanker with 23 crew members was hijacked off West Africa according a report by the International Maritime Bureau.
The report says that a group of armed pirates boarded the vessel during ship-to-ship (STS) transfer operations approximately 62nm SW of Cotonou, Benin. All 23 crew on board have been taken hostage and the vessel has been sailed to an unknown location.
Piracy off West Africa has been on the rise in recent months. Labeled piracy’s emerging market, gangs off West Africa are mimicking the successes of pirates operating off the coast of Somalia.
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President Donald Trump’s tariff onslaught has roiled Washington and Wall Street for nearly a month. If the trade war persists, the next upheaval will hit much closer to home.
Apple AAPL.O plans to shift the assembly of all iPhones sold in the U.S. to India as early as next year, pivoting away from China to avoid steep tariffs, the Financial Times reported, citing people familiar with the matter.
Denmark will spend about 4 billion crowns ($614 million) on building and procuring 26 navy vessels for patrolling, oil spill response and surveillance of undersea cables, Defence Minister Troels Lund Poulsen said on Tuesday.
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