Nations along Red Sea Hold Emergency Meeting Over Piracy Attacks

Amid growing acts of piracy of the Somali coast and around the world several nations bordering the Red Sea have agreed to meet to outline plans to combat the issue.

The meeting, held in Cairo, includes officials from Egypt, Jordan, Saudi Arabia, Sudan and Yemen.

It was a Saudi oil tanker, the Sirius Star, that was hijacked on Saturday. That tanker was carrying 2 million barrels of oil worth $100 million and a crew of 25-members. It is now docked off the coast of Somalia with the pirates said to be demanding $25 million for its release.

Combating the attacks has become a priority for many nations sending goods through the region.

Most of the pirate hijackings are resolved by paying a ransom but many leaders have said that act simply encourages further seizures. Several shipping companies have begun to weigh the option of different routes to transport their shipments but that could result in increased prices for the goods.

Click here for more World News

About YourFindit

YourFindit Community is a business, music and social networking community. It caters to individuals providing them with a wealth of tools that enable them to create their own web site within YourFindit and display their content. Members can create free profiles that include an About Me, Background and Lifestyle, Videos, Music, Blogs, Photos, their unique URL and network with other members inside the community. YourFindit provides each member the opportunity to reserve an exclusive profile displaying only ads they upload on their pages. Members have the right to sell their ad space to advertisers.

To create your profile sign up and within minutes you too can have your People profile running your ads and building your network with new members daily.

YourFindit is owned and operated by TransWorldNews, Inc.

YourFindit profile where Your space is really Your Space