Skip to comments.Somali Pirates Open Up a "Stock Exchange"
Posted on 12/02/2009 12:45:35 AM PST by newbie2008
reginaldo writes to clue us that pirates in Somalia have opened up a cooperative in Haradheere, where investors can pay money or guns to help their favorite pirate crew for a share of the piracy profits. "'Four months ago, during the monsoon rains, we decided to set up this stock exchange. We started with 15 "maritime companies" and now we are hosting 72. Ten of them have so far been successful at hijacking,' Mohammed [a wealthy former pirate who took a Reuters reporter to the facility] said. ... Piracy investor Sahra Ibrahim, a 22-year-old divorcee, was lined up with others waiting for her cut of a ransom pay-out after one of the gangs freed a Spanish tuna fishing vessel. 'I am waiting for my share after I contributed a rocket-propelled grenade for the operation,' she said, adding that she got the weapon from her ex-husband in alimony. 'I am really happy and lucky. I have made $75,000 in only 38 days since I joined the "company."'"
(Excerpt) Read more at news.slashdot.org ...
“Somali sea gangs lure investors at pirate lair”
Tue Dec 1, 2009 2:44pm EST
By Mohamed Ahmed
SNIPPET: “HARADHEERE, Somalia (Reuters) - In Somalia’s main pirate lair of Haradheere, the sea gangs have set up a cooperative to fund their hijackings offshore, a sort of stock exchange meets criminal syndicate.
Heavily armed pirates from the lawless Horn of Africa nation have terrorized shipping lanes in the Indian Ocean and strategic Gulf of Aden, which links Europe to Asia through the Red Sea.
The gangs have made tens of millions of dollars from ransoms and a deployment by foreign navies in the area has only appeared to drive the attackers to hunt further from shore.”
Read more about pirates and piracy at:
Note: The following text is a quote:
Live Piracy Report
The IMB Live Piracy Report displays all Piracy and Armed Robbery incidents reported to the IMB Piracy Reporting Centre in the last ten days. Click on the map for more details.
Incident Details: View
24.11.2009: 0120 UTC: Posn: 06:08.1N 002:40.6E, 18.5nm off Cotonou, Border of Nigeria and Benin
Eight to nine robbers armed with guns and knives boarded an anchored oil tanker. The robbers boarded via the poop deck and attacked the poop deck watchman and forced the watchman to the bridge. Robbers demanded ships cash and also crew personal belongings. Robbers were aggressive and they beat up the master and other crew. Few crewmembers hands were tied with ropes and forced to lie on the deck. The 3rd officer activated ships alarm and SSAS. Hearing the alarm the robbers panicked and tried to escape. As they escaped they shot and killed the chief officer. One of the robbers was caught by the 2nd and 3rd officer and handed over to the Benin police. Most of the money was recovered from the caught pirate.
29.11.2009: 1212 UTC: Posn: 03:09.39N 061:30.30E, Around 970 nm ExN of Mogadishu Somalia.
Armed pirates attacked and hijacked a tanker underway. They took hostage 28 crew members and are sailing the tanker to the Somali coast.
15.11.2009: 2100 LT: Posn: 06:12.8N 003:23.7E: Lagos anchorage, Nigeria.
Robbers armed with guns and knives in a speed boat boarded a bulk carrier using bamboo sticks with hooks. They fired warning shots, when the crew tried to remove the bamboo sticks. The robbers were very violent towards the crew. Eleven crew were injured when they were hit with cable wires and kicked and punched. The robbers destroyed navigational equipment and stole crew cash, personal properties and ships cash and escaped. The robbers were onboard for more than two hours. When the Lagos port control was called they were informed that nobody would assist.
28.11.2009: 0900 LT: Posn: 03:42S 132:00E, East of Ceram islands, Indonesia.
Four persons in a white coloured speed boat, flying Indonesian flag approached a bulk carrier underway at 20-25 knots. Master raised alarm, sounded ships whistle continuously and crew activated fire hoses. It was noticed that the persons were waving a black cloth and no contacts made on VHF. Master altered course several times to evade the approach. The persons made two attempts to get close and finally aborted the chase at 0925 lt.
26.11.2009: 0700 UTC: Posn: 05:53S 043:46E, Around 470 nm SxW of Mogadishu Somalia.
Pirates armed with RPG and machine guns in two skiffs chased and fired upon a container ship underway with intent to hijack her. Master raised alarm, activated SSAS, increased speed and took evasive manoeuvres. The pirates continued to chase and fire at the ship for around three hours before aborting. No injuries to crew.
25.11.2009: 0030 UTC: Posn: 12:01S 077:12W: Callao anchorage, Peru.
During routine radio communications with deck watchmen, on an anchored bulk carrier, the Chief officer did not get a response from the forward AB. He instructed the bosun to check. The bosun found the forward AB tied up with injuries to his head. The AB informed that he had heard the noise of an approaching motor boat and when he went to check two masked men attacked him from behind and tied him up. Meanwhile another robber boarded the vessel. Robbers stole ships stores and escaped. Port authority informed and a police boat was sent out for investigation.
24.11.2009: 1303 UTC: Posn: 00:29.3N 063:12.5E, Around 1100 nm east of Mogadishu Somalia.
Four pirates in a skiff fired upon and attempted to board a tanker underway. Ship sustained damages on stbd side of wheelhouse window. Pirates aborted the attempt after about 35 minutes of chasing. No injuries to crew.
19.11.2009: 1900 UTC: Posn: 13:37.9N 047:41.0E, Gulf of Aden.
Pirates armed with guns in a boat chased and attempted to board a bulk carrier underway. Master raised alarm, called warships for assistance, took evasive manoeuvres and crew mustered. The pirates directed searchlight at the ship and suddenly opened fire and ordered the ship to stop, with allegation to conduct search. Master replied, cannot stop and continued with the evasive manoeuvres. The pirates finally gave up the chase after 40 minutes. No injuries to crew.
21.11.2009: 0120 LT: Posn: 06:13S 108:31E, Balongan anchorage, Indonesia.
One robber armed with a knife attempted to board a crude oil tanker at anchor. Alert duty crew saw a hook stuck on poop deck and investigated to find out that a robber was in process of climbing the rope and a knife in his mouth. Duty watch keeper immediately informed bridge and general alarm was raised and crew mustered. On hearing the alarm the robber escaped with an unlit boat.
20.11.2009: 1430 UTC: Posn: 01:25S 062:25E, Around 1050 nm ExS of Mogadishu, Somalia.
Six pirate boats with a mother vessel in sight chased and opened fire upon an oil tanker underway. Two RPGs penetrated into port bridge door. Ships sustained damages and one crew was injured. Pirates aborted the attempt after about three hours of chasing.
21.11.2009: 0130 0600 LT: Posn: 01:21.4S 116:59.3E, Balikpapan outer anchorage,Indonesia.
Three robbers boarded a chemical tanker at anchor using hooks attached to ropes. They stole ships stores and escaped in a small boat. Local authorities informed.
20.11.2009: 0500 LT: Port Harcourt, Nigeria.
Tug Ifiyemi came alongside a berthed bulk carrier and three robbers armed with knives boarded her. Two, duty crew approached them but they were threatened with knives. The robbers stole two drums from the ship. Duty crew ran and reported to shore security that came and managed to convince the robbers to return the drums by giving them some money. The tug came alongside again and using ships crane the drums were taken back onboard. Master sent a protest letter to port security and harbour master.
20.11.2009: 1735 UTC: Posn: 01:20S 062:40E, Around 1050 nm ExS of Mogadishu, Somalia.
Eight pirates in one craft and four pirates in another craft, armed with machine guns and RPG, chased a bulk carrier underway from the port and stbd sides. They fired at the vessel with machine guns and RPG and attempted to board her. Master raised alarm, increased speed made aggressive evasive manoeuvres, crew activated anti-piracy measures and finally managed to evade the attempted boarding. Ships bridge glasses damaged and sustained bullet holes around accommodation. No injuries to crew members.
"America became entangled in the Islamic world at its birth and was dragged into a war with the Barbary States simply because of the religious obligation within Islam to forcibly bring belief to those who do not share it. Historically speaking, the confrontation was not with radical or fundamentalist Muslims but with the Islamic mainstream a world away more than two centuries ago."
A Look at Pirates and Piracy:
Thank you rawcatslyentist.
Goldman wants in. At the very least they want to underwrite the IPO. After that, they can talk about selling some mezzanine financing.
no offense, bomb them out of a job.
Rush calls them “Merchant Marine Organizers”.
or “Maritime Organizers”
- I thought the play off of “community organizers” and Obama’s community agitation job / leaching / pirating was brilliant.
I have mixed feelings about this article. I am generally against piracy as a rule, but it's hard to root against small businesses, free markets and pure capitalism.
I would love to see the divorce papers. How many FReepers have lost an RPG in a divorce settlement?
“Somali pirates stock exchange finances sea ventures”
April 28th, 2010 by Tom Minney
SNIPPET: “Four months ago, during the monsoon rains, we decided to set up this stock exchange. We started with 15 maritime companies and now we are hosting 72. Ten of them have so far been successful at hijacking, Mohammed said.
The shares are open to all and everybody can take part, whether personally at sea or on land by providing cash, weapons or useful materials weve made piracy a community activity.”
SNIPPET: “Haradheere, 400 km (250 miles) northeast of Mogadishu, used to be a small fishing village. Now it is a bustling town where luxury 4×4 cars owned by the pirates and those who bankroll them create honking traffic jams along its pot-holed, dusty streets.”
SNIPPET: “Abdirahman Ali was a secondary school student in Mogadishu until three months ago when his family fled the fighting there.
Given the choice of moving with his parents to Lego, their ancestral home in Middle Shabelle where strict Islamist rebels have banned most entertainment including watching sport, or joining the pirates, he opted to head for Haradheere.
Now he guards a Thai fishing boat held just offshore.”
SNIPPET: “Piracy investor Sahra Ibrahim, a 22-year-old divorcee, was lined up with others waiting for her cut of a ransom pay-out after one of the gangs freed a Spanish tuna fishing vessel.
I am waiting for my share after I contributed a rocket-propelled grenade for the operation, she said, adding that she got the weapon from her ex-husband in alimony.”
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