Eyes of the Fleet

Eyes of the Fleet

Sunday, March 13, 2011

Somali Pirates: Clearance Sale

Somali pirates seem to be overstocked on captured ships and are have a "deep discount" fire sale, as set out in Somali pirates cut ransoms to clear hijacked ships:
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.

My idea of what a "fire sale" should look like for the pirates
"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."
Isn't that special?


  1. Anonymous6:52 PM

    Amen on your idea for a fire sale! Should use Hobyo etc for gunnery practice as well...

    air force bombing practice?

  2. Anonymous10:27 PM

    Like your idea of a pirate 'fire sale'. Good method for getting in some NGFS training.
    Saw an update on the Danish family captured on the 28th on Yahoo.
    Caesar and Pompey Magnus knew how to deal with pirates!