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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: tom pope who wrote (119628)4/8/2009 10:25:13 PM
From: The Reaper5 Recommendations  Read Replies (2) of 206326
 
I have felt for some time now that the shipowners somehow receive financial gain for letting these ships get hijacked. This piracy problem became evident during the summer as shipping business went down the crapper. It would take minimal investment for these ships to be defended with Blackwater types. Instead they prefer to have the ships hijacked and insurance cos. pay ransom. These hijacked vessels are moored offshore Somalia waiting for the ransom. Effectively taking these ships out of service for awhile and putting some of the hundreds of idle ships back online. There have been upwards of 60 vessels hijacked since Jan 1. That's what I've heard anyway. I need to verify that number. Seems hard to believe.
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