Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Price Tag for Somali Piracy Surges
Der Spiegel ^ | May 17th 2011 | Staff

Posted on 05/17/2011 3:09:21 PM PDT by Cardhu

Pirates of yesteryear have been romanticized in literature through books like "Treasure Island" and in films like "Pirates of the Caribbean". But the modern day piracy off the coast of Somalia is no swashbuckling fun and adventure. It is an expensive and dangerous problem that is escalating at an alarming rate.

Piracy cost the international economy up to $8.3 billion last year and "has emerged as a market it its own right," states a new report by political and economic intelligence consulting firm Geopolicity. Already in the first quarter of 2011, Somali pirates have attacked more than 117 ships, killed 7 crew members and held 338 hostages for ransom, the study finds. But international efforts to scupper the problem are failing, and it is predicted that piracy-related costs could more than double in just the next three years.

Now notorious for the frequent boat hijackings, kidnappings and robberies that take place there, the Gulf of Aden off the eastern coast of Somalia has become such a hornet's nest for the shipping industry that many captains choose to steer clear of it entirely -- even if it means adding up to three weeks to their journey. Instead of passing through the gulf on their way to and from the Red Sea and the Suez Canal, many are now taking a much longer route which takes them around the entire African continent and past the Cape of Good Hope at its southern tip.

Ransoms Rising

The ships that do brave the waters off Somalia and other well-known danger zones around the world must pay higher insurance fees and feel compelled to purchase additional security equipment and hire security personnel.

Meanwhile, shipping companies are being coerced into paying rapidly increasing ransoms for captured vessels and crews despite these extra precautions...

(Excerpt) Read more at spiegel.de ...


TOPICS: Extended News; News/Current Events
KEYWORDS: pirates; somaliland


"International piracy is emerging as a market in its own right, one that cost the global economy an estimated $8.3 billion in 2010. Efforts to contain the problem are having little impact, and the costs of lost booty, ransom and other costs associated with pirates could double within a few years."
1 posted on 05/17/2011 3:09:26 PM PDT by Cardhu
[ Post Reply | Private Reply | View Replies]

To: Cardhu

Well, I’ll take Johnny Depp. Kill the rest.


2 posted on 05/17/2011 3:23:21 PM PDT by MestaMachine (If you want to pillage,plunder,destroy, blaspheme,or defile, become a muslim, or name yourself obama)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cardhu

$8.3 billion...and expected to double.

That’s a new industry in itself.


3 posted on 05/17/2011 3:30:39 PM PDT by bayouranger (The 1st victim of islam is the person who practices the lie.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: bayouranger
I think a new industry could be booking cruise ships to sail up and down their friggin' coast line. Each passenger gets a 12 gauge shotgun, an AR-15 and an endless supply of clips. First Class fare will get you a ride on one of the mini-guns. Be sure to wave and take thier picture before you blow their little rubber dinghy-thing to hell.

Seriously, that pirate crap would be so easy to stop, I have a hard time feeling sorry for the "victims". They are victims of political correctness, if you ask me.

4 posted on 05/17/2011 4:01:53 PM PDT by San Jacinto
[ Post Reply | Private Reply | To 3 | View Replies]

To: San Jacinto
Right Piracy goes on because there are some that want it to go on..

SHould be easy to make it NOT ProfITAble..

5 posted on 05/17/2011 4:13:13 PM PDT by hosepipe (This propaganda has been edited to include some fully orbed hyperbole...)
[ Post Reply | Private Reply | To 4 | View Replies]

To: hosepipe
Right Piracy goes on because there are some that want it to go on..

You're absolutely right. It would be relatively easy to make the pirates begin disappearing. Eventually, they'd run out of people willing to take the jobs.

Mark

6 posted on 05/17/2011 4:24:13 PM PDT by MarkL (Do I really look like a guy with a plan?)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Cardhu

We should start renting portable Phalanx systems that could be placed on the fore and aft end of the ships just before they start their trip through the troubled waters. At the end of the trip the units could be lifted off and readied for another rental.

The only problem is only a couple of nations have the guts to use force on these murderers.


7 posted on 05/17/2011 5:01:58 PM PDT by OldMissileer (Atlas, Titan, Minuteman, PK. Winners of the Cold War)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cardhu

Too damned bad the sharks are left hungry.

What I’d do is slice all but one pirate and throw their asses overboard to the sharks, making the remaining bastard watch.

Then I’d send his ass home to communicate, in specific detail, what would happen to any future would-be pirates who are captured.


8 posted on 05/17/2011 6:28:27 PM PDT by azhenfud (The government is not best which secures life and property-there is a more valuable thing-manhood.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cardhu

“Piracy”?

You mean maritime jihad....

What is truly needed here is the willingness to turn to a “short drop, and a sudden stop” again...

Or better yet, emulate Pershing...


9 posted on 05/17/2011 7:25:00 PM PDT by LastNorwegian
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cardhu

Bullets are cheap.


10 posted on 05/17/2011 7:31:51 PM PDT by Politicalmom
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cardhu

So why can’t we watch where their boats are moored (by satellite, spy plane, or drone), then lob a cruise missile or two into their harbor?

Or take out a Somali speedboat or twelve with drones?


11 posted on 05/18/2011 2:00:22 AM PDT by Future Useless Eater (Chicago politics = corrupted capitalism = takeover by COMMUNity-ISM)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Politicalmom
Bullets are cheap.

But prohibited.

Private vessels/yachts don't arm themselves (unless you buy your own SEAL team and have it duly authorized to operate under international and national agencies) because they would be at risk for incarceration and prosecution by whatever court lies onshore. Most solve the problem by either avoidance or having a vessel with speed enough to outrun aggressors; that would mean more than 20 knots in blue water seas.

12 posted on 05/18/2011 4:10:31 AM PDT by Rudder (The Main Stream Media is Our Enemy---get used to it.)
[ Post Reply | Private Reply | To 10 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson