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.Isn't that special?
"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."
My idea of what a "fire sale" should look like for the pirates
"We must be ready to dare all for our country. For history does not long entrust the care of freedom to the weak or the timid. We must acquire proficiency in defense and display stamina in purpose." - President Eisenhower, First Inaugural Address
Sunday, March 13, 2011
Somali Pirates: Clearance Sale
Somali pirates cut ransoms to clear hijacked ships:
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Amen on your idea for a fire sale! Should use Hobyo etc for gunnery practice as well...ReplyDelete
air force bombing practice?
Like your idea of a pirate 'fire sale'. Good method for getting in some NGFS training.ReplyDelete
Saw an update on the Danish family captured on the 28th on Yahoo.
Caesar and Pompey Magnus knew how to deal with pirates!