Piracy FTW in Somalia

Regular readers will remember the fantastically plucky pirates who seized the largest ship ever pirated two months ago, and since then have held it for ransom. Today it emerged that the Saudi owners of the ship have agreed to a ransom of $3 million, down from the pirates' initial demand of $25 million. The tanker itself is worth far, far more, and contains over two million barrels of oil, making the pirates either endearingly naive or admirably generous.

The pirates divided the loot on the spot after it was parachuted onto the tanker (you can actually see the parachute in the top right corner of the photo). They are now rumoured to be headed to the coastal pirate town of Xarardheere.