Monday, October 06, 2008

Piracy: A Growth Industy

Pirates Hit Six More Ships Off of Somalia | Danger Room from

"If you give a mouse a cookie, he's gonna want a glass of milk."

Well the piracy business is becoming very profitable. So, of course it is a growth industry.
As if seizing a ship-load of tanks and small arms wasn't bad enough. Pirates have attacked six more vessels off the coast of Somalia in just the past week, according to data from NATO. The now-infamous, weapons-clogged MV Faina remains in pirates' hands. And international tensions are ratcheting up by the day.

The latest attacks brings the total number of "piracy-related incidents" in the Gulf of Aden and off the Somali coast to 93. A dozen vessels are currently being held for ransom -- their last known whereabouts are on the NATO slide, above.
No one seems willing to do the heavy lifting to put an end to this. So it goes on, and the situation gets worse.

The last I heard, the pirates were going to get a couple of million for the MV Faina but the guy doing the negotiating was arrested. But in general, they get fairly sizable (considering Somalia) payments for ransom of boats and crew.

More money. Less penalty. So what do you think is going to happen?

Russia is getting into the game, so maybe somebody will have some backbone.... but I doubt it.

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