Somali Pirates Capture Oil Tanker

Reuters reported that a Greek-owned oil tanker was hijacked by Somali pirates while in the Arabian Sea, and is now heading to Somalia. It has nearly a million barrels of oil on board and had been heading to Turkey.

As quoted in the market news:

Shipping records show the cargo aboard the Liberia-flagged vessel is owned by Azeri state oil firm Socar, although this could not be confirmed by the firm.

London-based International Maritime Bureau said the attack involved 10 pirates in two skiffs armed with automatic weapons and that they managed to board the ship on a second attempt after their first attack was thwarted.

Click here to read the full Reuters report.