Piracy: a $50 Million Business and Counting

Increasingly brazen Somali pirates are disrupting shipping, but there are some easy ways to avoid them

January 13, 2009 RSS Feed Print
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Captured Somali pirates are taken to the French naval vessel "Jean de Vienne" which came to the rescue of two cargo ships in the Gulf of Aden.

Captured Somali pirates are taken to the French naval vessel "Jean de Vienne" which came to the rescue of two cargo ships in the Gulf of Aden.

In addition, none of the successful pirate attacks occurred at night, leaving mariners with a clear formula for minimizing trouble. "All vessels are advised to proceed through the entire Gulf of Aden at maximum possible speed. Vessels with characteristics that put them at higher risk, like maximum speeds of 15 knots or less, as well as those with low freeboard, are advised to minimize risk by transiting as much as possible of the eastern Gulf of Aden in hours of darkness," the report concluded.

For deterring speedboat-riding pirates, several ships reported success with fire hoses, parachute flares, smoke bombs, and sound cannons, the report found.

Tags:
Somalia,
Navy,
pirates

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Again we find ourselves spending and defending the world by having the majority of the naval ships cruising the Somali waters despite the fact that we seldom have US ships using these sea lanes. When are the countries who regularly use these shipping lanes goinng to step up and contribute to their own protection. Countries like Saudi Arabia who has a navy contribute little to their own defense!

Curtis Gwin Jr of WA 11:19PM May 03, 2009

$50 million in piracy this year seems like nothing in today's terms compared to $3 trillion in corporate bailouts. In fact, $50 million isn't even the cost of the left wing assembly to a stealth fighter... and I saw a video on YouTube of a left wing falling off a F117 during an air show and lost of the $350 million aircraft - more than Somali pirates will earn in 7 years. Large drug shipments by cartels typically exceed $50 million a pop. If shippers are willing to chance piracy by cruising slower than 15 knots and outside of "safe lanes" - then they should be willing to suffer the potential consequences of "skiing out of bounds" But now the UN has given permission for nations to invade Somalia. I'm just guessing there must be some value to Somalia related to oil... unexplored, overland pipeland real estate... strategic location? What's really behind the scene?

Tony Lee of CA 7:58PM March 02, 2009

JP, once you grow up and are a big boy you will learn 2 things.

1. Impunity is the new black.

2. Yes, our government can afford more derision.

Dr. Wilcox, PhD of CT 3:36PM January 16, 2009

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