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Yahoo APLONDON – A British-flagged cargo ship and a chemical tanker from Singapore have both been hijacked by pirates in the perilous waters off the coast of Somalia, officials said Saturday.
The Asian Glory highjacking happened late Friday roughly 600 miles (1,000 kilometers) east of Somalia, said Commander John Harbour, a spokesman with the European Union task force charged with combating piracy off Somalia.
That same day, the Singaporean-flagged Pramoni, a chemical tanker with a crew of 24, was seized by pirates in the Gulf of Aden, one of the world's busiest waterways.
Harbour said the Asian Glory's crew of 25 appeared to be safe and that the pirates had not yet made contact with the ship's owner, Zodiac Management Agencies.
"The standard procedure for the pirates is to get the ship back to their stronghold and then contact the owner," he said. "I don't know yet where the ship is bound."
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http://news.yahoo.com/s/ap/20100102/ap_on_bi_ge/piracy
Wonder where they are spending the money?
Read this
Pirate cash suspected cause of Kenya property boom
http://news.yahoo.com/s/ap/20100101/ap_on_re_af/af_kenya_pirate_propertyThe hike in real estate prices in the Kenyan capital has prompted a public outcry and a government investigation this month into property owned by foreigners. The investigation follows allegations that millions of dollars in ransom money paid to Somali pirates are being invested in Kenya, Somalia's southern neighbor and East Africa's largest economy.
Even as housing prices have dropped sharply in the United States, prices in Nairobi have seen two- and three-fold increases the last half decade.
"There is suspicion that some of the money that is being collected in piracy is being laundered by purchase of property in several countries, this one being one of them," said government spokesman Alfred Mutua. "Especially at this time when we are facing global challenges of security such as terrorism and others, it is very important for us to know who is where and who owns what."
The investigation will also help the government catch tax evaders, he said.