Posts Tagged ‘International Maritime Bureau’

Kenyan Government Investigates Possible Pirate Ties to Real Estate Boom

Some estimates say pirates collected more than $100 million in ransoms in last two years alone

(HornTrade) – Real estate prices in Kenya’s capital have doubled, even tripled, in the past few years, and the government wants to know why.  Investigators are looking into possible ties to Somali pirates. Volatile, lawless Somalia, where, last year, the International Maritime Bureau says pirates hijacked 47 ships and kidnapped 867 crewmembers. Read the rest of this entry »