Armed Polite Society
Main Forums => The Roundtable => Topic started by: vaskidmark on March 15, 2011, 08:47:51 AM
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http://af.reuters.com/article/topNews/idAFJOE72D04F20110314
Somali pirates said on Sunday they would lower some of their ransom demands to get a faster turnover of ships they hijack in the Indian Ocean.
Armed pirate gangs, who have made millions of dollars capturing ships as far south as the Seychelles and eastwards towards India, said they were holding too many vessels and needed a quicker handover to generate more income.
"I believe there is no excuse for taking high ransoms. At least each of our groups holds ships now," pirate Hussein told Reuters from Hobyo on the Somalian coast. He said the pirates were holding more than 30 ships at the moment.
"We have lowered the ransom only for the ships we have used to hijack other ships. We sometimes release these ships free of charge for they generate more (money). But we shall not lower the ransom for the bulk ships we are sure can bring bulk money."
The poor dears are getting their harbors clogged with excess ships. And apparently shipping companies are not as interested in getting the ships or the cargoes returned as these investors had assumed.
Don't you just hate it when your retirement fund goes from boom to bust?
stay safe.
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I read this morning that the Indian Navy retook one vessel and captured 16 pirates yesterday after a very brief gun battle.
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Sinking all the vessels and leaving them without passable harbors might be one solution. Assuming the harbors aren't too deep, or have a tide pattern that would make it feasible.
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From the title I thought they were selling Somali pirates on Overstock. Mybad.
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Does this mean we might be able to get the APS Pirate Hunting ship cheap from the pirates?
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It sounds like they might qualify for a subsidy from the US taxpayer. We need to keep the price of booty stabilized.
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If the link didn't go to the Reuters site, I would have sworn it was an Onion article. :laugh:
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Pirates using capitalism? Crazy!
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From the title I thought they were selling Somali pirates on Overstock. Mybad.
Hey, if the price of a Somali pirate gets anywhere close to the cost of a silhouette target... ;/
DD