29 November 2012
http://www.bbc.co.uk/news/world-africa-20549056
Somali piracy: A broken business model?
By Frank Gardner BBC security correspondent
The business model that has underpinned maritime piracy off the coast of Somalia for the past few years has effectively been broken, according to the Operation Commander of the European Union Naval Force (EU Navfor) in the region, Rear Admiral Duncan Potts.
He told the BBC that a number of factors had led to Somali pirates being “contained and restrained”, and that a combined naval forces raid on one of their land bases back in May had had a profound effect in discouraging pirates from putting to sea.
But he warned that progress against piracy was fragile and still reversible.
The statistics show a dramatic reduction in pirate attacks off Somalia.
In 2011, according to EU Navfor Somalia, there were 151 verified attacks on sizable ships, with 25 vessels being successfully pirated.
So far this year, the number of attacks has shrunk to 31, with just five ships captured, the last one in May.
...
Proportions look the same - 1 out of six attacks succeeds.
Maybe he has enough money?