**A South Korea-operate, Singapore-owned oil tanker has been hijacked by Somali pirates in the Indian Ocean.**The 300,000-tonne Samho Dream - loaded with crude oil - was on its way from Iraq to the United States with 24 crew when it was seized on Sunday.
South Korea has sent a destroyer already in the area to intercept the tanker before it reaches any port.
Pirates targeting ships off the coast of Somalia made tens of millions of dollars in ransom payments last year.
The hijacking is thought to have taken place about 1,500 km (930 miles) south-east of the Gulf of Aden.
“The government has dispatched our Cheong-hae naval unit to the waters of the Indian Ocean, where the ship hijacked by Somali pirates is assumed to be,” the South Korean foreign ministry said in a statement.
Oil ambition
The BBC’s Korea correspondent, John Sudworth, says local media is reporting that the destroyer, which is part of the naval unit, can travel faster than the super tanker and would be able to reach the ship before it could reach any port.
“The ship is presumed to have been hijacked by Somali pirates,” the ministry said.
It also expressed concern for the safety of the crew - five South Koreans and 19 Filipinos.
The value of the Samho Dream’s cargo is estimated at around $170m (£111.7m).
Reuters reported that the US refiner Valero Energy Corp said it was the owner of the crude oil cargo.
It said a pirate source named Mohamed said the ship was now heading for Haradheere, the pirates’ base at which many ships are held during ransom negotiations.
South Korea is among several Asian nations in having an anti-piracy warship patrolling Somali waters to guard against hijackings.
At least four South Korean ships have been hijacked by Somali pirates in recent years: a tuna ship with 25 crew in 2006, two ships and 24 crew (held captive for six months) in 2007, and a cargo ship with 22 sailors in September 2008.
The crew in that last attack were released after the ship’s owner paid a ransom.
The first successful hijacking of what is called a Very Large Crude Carrier was of the Saudi-owned Sirius Star in late 2008.
Another VLCC, the Maran Centaurus, was taken last November and held for two months before a ransom estimated at between $5.5m and $7m was paid.This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.