03-04-2017 16:01 via Stock Market Archives - RocketNews

Somali pirates seize Indian ship, 11 crew members

Mogadishu (AFP) – Somali pirates have seized an Indian cargo ship and 11 crew members, the ship’s owner said Monday, as a recent series of hijackings raises fears of a resurgence in piracy.
The “Al Kausar” is the third vessel to be hijacked in less than a month off the coast of Somalia as experts warn that ships have lowered their guard in the five years since the height of the piracy crisis.
The Indian cargo ship was carrying items such as wheat and sugar from Dubai via
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