Somali pirates currently hold 30 ships and over 700 hostages. One recent victim, the 104,255 ton tanker Savina Caylyn, was en route to Malaysia from Sudan when pirates captured her 22 Italian and Indian crewmembers. Shipping company executives are calling for more government protection, especially since the cost of insuring ships and cargoes has skyrocketed. The U.S., UK, and France have about a dozen vessels patrolling the area, but perhaps it's not enough. Is it time for oil-consuming nations to move in more protection?
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