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News outlets are reporting that pirates from Somalia have hijacked an oil tanker from South Korea. The ship’s last reported location was somewhere in the Indian Ocean, carrying approximately $170 million of crude oil. The oil, owned by Valero Energy Corp., was coming from Iraq and heading for the United States. (more…)
South Korean authorities are still searching for 46 missing marines today after the naval ship “Cheonan” exploded and sank yesterday. Early speculations from Seoul were that the explosion may have been caused by a North Korean torpedo. Whatever caused the explosion, it tore a hole in the 1,200 ton ship, as it patrolled in the Yellow Sea. (more…)
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