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...Somali pirates who hijacked a Ukrainian ship with 33 battle tanks aboard have lowered their ransom demand and say they are eager to negotiate, raising hope that the two-week standoff over the MV Faina will be resolved in a few days. If they're true to their word and the ship is released, the pirates will disappear back into the stew of Somalia and wait for their next opportunity...
...MV Faina fitted the bill. Slow, low-sided and sailing under a Belize flag, the freighter seemed no different from any of the 60 other ships attacked by pirates this year in the same waters. And Ali and his men had no reason to believe the outcome of this hijacking would be any different. In a well-established routine, a vessel is typically held for a few days or weeks while the pirates negotiate a ransom with the ship's owners, usually netting between $500,000 and $2 million. Then ship and crew are then released unharmed. This year, according...
...just saw a big ship, so we stopped it," said Sugule Ali, the spokesman for a band of pirates that on Sept. 25 hijacked the MV Faina, a Ukrainian freighter packed with Soviet-made tanks, grenade launchers, ammunition and other high-grade weaponry. The seizure was perhaps the most brazen in a recent spate of attacks on vessels crossing the world's most treacherous waters. According to the International Maritime Bureau, pirates have carried off 63 attacks and 26 hijackings off the coast of Somalia so far this year, seizing 534 crew members; 12 ships and 259 sailors (including...
...massive to experience by air, the best way to take in Peru's Amazon basin is on the water - sailing along its vast expanse in a riverboat. And while there are many traditional boats that allow you to cruise the river in luxury, the new MV Aqua will give your trip a touch of cool...
Beyond that, restaurant owners say they're serving more customers. Tire vendors and diesel-fuel stations are busier, as 100 trucks a day will move through the Yuma Ethanol plant. Land prices are rising. And dealers expect to sell more pickups. Dennis Wagner, the sales manager of MV Equipment, where John Deere tractors cost $100,000 to $250,000, points out that "a farmer will be able to dictate when he can update his equipment, rather than have the economy dictate...