From FOX News:
The pirate city of Eyl is Somalia's only boomtown. In a country that has seen 14 provisional governments since 1991 — all of them corrupt — high-seas hijackings have been the best business in town, and may net upwards of $100 million this year.
The seizure of an Iranian-owned ship in the Gulf of Aden Tuesday was only the latest in a series of assaults that have accelerated drastically since the summer.
The International Maritime Bureau's Piracy Reporting Center said before Wednesday's hijacking that 88 attacks have been reported in the area this year, including 36 successful hijackings. About 14 vessels — and 250 crew members — are still being held hostage. Intelligence sources believe the number of vessels held presently is about 15.
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