Egypt and other Red Sea nations target pirates

Publish Date: 11-21-2008 12:00 AM -0800

Egypt, which makes $5 billion a year in Suez Canal fees, holds talks in Cairo on how to stop Somali gunmen from hijacking tankers and other ships in the area.

Worried that piracy could scare ships away from the Suez Canal, Egypt on Thursday held emergency talks with nations bordering the Red Sea on how stop brazen Somali gunmen from hijacking oil tankers and other vessels.