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Rejects ownership of Somali oil tanker: Kuwait
KUWAIT : Kuwait Oil Tanker Company, a subsidiary of state-owned Kuwait Petroleum Corporation (KPC), said in published re
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On Saturday, Somali pirates freed a hijacked UAE-flagged tanker after a $12 million ransom was paid
"The tanker is not Kuwaiti and belongs to United Arab Shipping Company. Some tankers pass through Kuwait ports as part of their route, which makes some assume that it's a Kuwaiti-owned tanker," said chairman Nabil Bourisli to Arabic daily al-Watan.
Somali pirates are making millions of dollars in ransom from seizing ships in the Indian Ocean and Gulf of Aden, despite the efforts of foreign navies to clamp down on such attacks.
Maritime piracy costs the global economy $12 billion a year according to researchers.
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