Pirates!! Ahh!!

In a developing story, Somalian pirates have hijacked a cargo ship. The Maesrk company that owns the boat told the U.S. military to stand back for a little bit and let the company try to work it out. They are willing to pay a ransom of $10 million to get the captain, Richard Phillips, back. The boat is currently on free float, due to the fact that the boat has no fuel left. The pirates have taken a lifeboat. The pirates options dwindle however, as a U.S. wearship draws nearer and negiotatiors try to contact the ship and begin bargaining with the pirates.