Saturday, April 25, 2009

Piracy - Still a Growth Industry

Pirates seize German ship near Somalia They are making a lot of money. Why would they stop?
Pirates have attacked more than 100 ships off the Somali coast over the last year, reaping an estimated $1 million in ransom for each successful hijacking, according to analysts and country experts.
It has to be the largest industry in Somalia. 100 million dollars is still a lot of dollars.

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