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...Somalia's pirates demonstrated the growth in their sophistication and capability last month when they seized the giant Saudi oil tanker Sirius Star some 450 nautical miles out at sea - well beyond the pirates' previous range. One of the men involved in that raid, 24-year-old Mohamed Dashishle described a distinctly low-tech operation, though organized by men he said had once trained in the Somali coast guard. One of the pirates' "mother ships" spotted the tanker and deployed three small skiffs to surround it. Dashishle told TIME that the pirates simply had to brandish their rocket-propelled grenade...

Author: /time Magazine | Title: A Pirate Ransom Deal: Who Gets the Money? | 12/4/2008 | See Source »

...Somalia Pirates Aim Higher With their capture of a colossal Saudi oil tanker on Nov. 15, Somali pirates seized their largest vessel yet amid a torrent of other hijackings in the Gulf of Aden, where there have been at least eight attacks in just the past two weeks. Pirates currently hold an estimated 17 vessels and some 300 crew for ransom. Some shipping firms are resorting to the long, costly route around Africa to avoid the gulf's dangerous waters...

Author: /time Magazine | Title: The World | 11/20/2008 | See Source »

Boeing 747 231 ft. Cargo ship, captured Sept. 25, 2008 529 ft. Oil tanker, captured...

Author: /time Magazine | Title: The World | 11/20/2008 | See Source »

...ship, the Delight, in the Gulf of Aden. According the International Maritime Bureau (IMB), the Delight, which is now bearing toward Somalia, joins 17 other ships currently being held by pirates. This week has been particularly successful for piracy: Last weekend buccaneers captured a Japanese-operated chemical and oil tanker as well as a Saudi supertanker, which holds roughly $100 million worth of oil and is three times the size of an aircraft carrier. And let’s not forget the Ukrainian cargo ship, the Faina, which was captured in September while carrying $30 million of weapons and tanks...

Author: By Steven T. Cupps | Title: Pirate Code | 11/20/2008 | See Source »

...ticket items like the Army's $160 billion Future Combat Systems. Beyond that, McCain has angered some big defense companies - most notably Boeing - with his wire-brush scrubs in the Senate of proposed Pentagon expenditures that have led, among other savings, to the scrapping of a Boeing-Air Force tanker deal. In fact, the resulting investigation ended with a Boeing executive and one from the Air Force going to prison for trading Pentagon favors for a job at the company...

Author: /time Magazine | Title: Obama Beats McCain in Defense Contributions | 10/31/2008 | See Source »

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