Mohamed Ahmed/Reuters People gather outside a former local bank, where pirates were dividing ransom payment obtained for the Spanish ship Alakrana. In Somalia's main pirate lair of Haradheere, the sea gangs have set up a pirate stock exchange that helps fund hijackings.From Financial Post:
HARADHEERE, Somalia -- In Somalia's main pirate lair of Haradheere, the sea gangs have set up a cooperative to fund their hijackings offshore, a sort of stock exchange meets criminal syndicate.
Heavily armed pirates from the lawless Horn of Africa nation have terrorized shipping lanes in the Indian Ocean and strategic Gulf of Aden, which links Europe to Asia through the Red Sea.
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More News On Somali Piracy
Bandit Bourse? Somali pirates hijack oil tanker, organize 'stock market' -- Daily Finance
Somali pirates lure investors to fund deep sea attacks -- Business Daily
UN envoy urges crackdown on pirates' backers -- AFP
Somali pirates now out of Aden—labor chief -- Inquirer
Somali pirates seize oil supertanker -- Financial Times
Somali pirates seize Greek tanker near Seychelles -- Daily Nation
Somali Pirates: Tanker repels pirate attack -- EagleSpeak
Piracy threatens fishermen in Yemen -- Washington Times
UN renews anti-piracy measures -- AFP
Security Council renews for 12 months authorization for States combating piracy off Somalia's coast, unanimously adopting resolution 1897 (2009) -- Relief Web
Russian destroyer joins anti-piracy mission off Somalia -- RIA Novosti
How a Middlesex basement became the front line in the fight against piracy -- Times Online
Sailing and the dangers of the deep blue sea -- BBC
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