Did someone say "escort"?
Posted on 05/16/2012 12:23:43 PM PDT by bkopto
I am waitng for a pirate safari to be put together.
“OTOH it will promote escort job security as the pirates aren’t eliminated. They will try again, requiring more escorts. “
It’s a business like any other. If you actually solved the problem, you’d be out of business. LOL
“The Merchant Marine version of Blackwater.”
I half expected to see Eric Princes name in the article somewhere :)
The USS Constitution was built mainly to deal with the Barbary Pirates, also Religion of peace pirates.
That’s damn near 2 million a month in gross revenue. Not a bad business plan.
And then we have this from Wikipedia (I know, Wikipedia sucks)
After Blackwater
In January 2011, the Associated Press reported that Prince had taken on a new role training a force of 2000 Somalis for anti-piracy operations in the Gulf of Aden. The program is reportedly funded by several Arab countries, including the United Arab Emirates and backed by the United States. Prince's spokesman, Mark Corallo, said that Prince has "no financial role" in the project and declined to answer any questions about Prince's involvement. The Somali force will also reportedly pursue an Islamist supporting warlord.
The Associated Press quotes John Burnett of Maritime Underwater Security Consultants as saying "There are 34 nations with naval assets trying to stop piracy and it can only be stopped on land. With Prince's background and rather illustrious reputation, I think it's quite possible that it might work."[36]
Exactly right. Or a portable R2D2 mounted above the bridge, take it off of a ship going one direction and put it on one going the other direction. Package deal complete with operators, make approaching a commercial vessel so dangerous that no one would attempt it, and buy enough of them to cover all the ships in transit.
Did someone say "escort"?
The article stated the economics working as a replacement cost.
The CEP will buy insurance and use that to cover the ships in its convoys, so owners will no longer need to pay premiums, or hire security.
Instead, they will just pay a flat $30,000 to $40,000 per ship in the convoy.
” I am curious what happens to the pirate captives? Will they be sent to Western countries to be assimilated into their societies? “
The Somalis we brought here have started crime waves everywhere we dropped them.
Sounds like a long term revenue generation protection racket, rather than a pirate elimination service, to me. It keeps pirates at a distance, alive armed and ready, as long as you pay.
wners wouldn’t have to pay the “additional premiums” for piracy coverage
I read it the same. Sorry I wasn’t clear.
I’d shiver her timbers.
Especially consider that it’s being RUN in part by the noted ship and specialty insurance firm Lloyds of London. (The one that rings the Lutine Bell when the loss of a ship is reported.) Sounds a lot like Lloyds will offer the option of piracy coverage WITH a contract to this navy, for cheaper than piracy coverage without it.
yo ho ho and a yeehaw
I guess we will have to disagree.
I read “The CEP will buy insurance and use that to cover the ships in its convoys, so owners will no longer need to pay premiums”.
to mean no longer paying piracy premiums, not a discounted piracy premium. It is included in their fee.
Cheers (and a bottle of rum, yo ho...)
AAARRRGGG,,, She’s a fine looking wench . . .
Well the idea that CEP is buying insurance for its navylet sounds even weirder. And it wouldn’t have anything to do with insurance for the shippers contracting their help... or would it? Anyhow, if backed by Lloyds isn’t that redundant? Perhaps some words got misplaced here.
Sounds like a package deal. You hire the Mini Navy and you also get coverage for cases where even it failed to halt pirates. But we’ll have to wait to see the details spelled out in a formal offer. Surely it will show up on the Lloyds website...?
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