A good article on BBC dealing with ransom paid to pirates can be accessed by CLICKING HERE. I understand how insurance works, but paying Somali pirates $1 million to $3 million per incident is one of the reasons that the problem has become so rampant. Ransom is always a bad idea as it encourages every Somali with a motor boat and and an RPG launcher with a dozen rockets to go into the pirate business. In a sense I can't blame them. If the pirate's carcasses washed up on shore with the tide, I suspect the whole enterprise might be less attractive.
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Ask any Vietnamese family that fled their country after 1975, by sea. The Thai pirates made life, and too often death, sheer hell for the unarmed refugees.
"The only good pirate is a dead pirate" -- President Theodore Roosevelt
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