Ransoms
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Somalia: $2.6m parachuted as ransom
The Saudi owner of an Algerian cargo ship whose crew was held by Somali pirates for 10 months admitted paying $2.6 million to free them. Somalia: $2.6m parachuted as ransom […]
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Financial Aspects of Piracy Explained
The release of ‘the MV Leopard’ crew hostages by Somali pirates, prompts Denmark researchers ‘RiskIntelligence’ to give general insights in to ransom & pirate ‘investment’. Financial Aspects of Piracy Explained […]
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Economics and Somali Piracy
How efficient is piracy as a method of transferring wealth to Somalia? Pirates generating ransoms could drive costs to industry up ten times the amount. Economics and Somali Piracy By […]
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Somali pirates claim to kill hostage
MOGADISHU, Somalia — Somali pirates who have been holding a hijacked ship for nearly two years killed a Syrian hostage crew member and wounded another to protest a delayed ransom […]
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Negotiator Sentenced
A Somali man who acted as a hostage negotiator during the hijacking of an American yacht has been given 12 life sentences by a US judge. Somali pirate negotiator given […]
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Trigger-happy Pirates
According to the freed captain of the MV Albedo, the hardest part of his 21 months as a hostage was calming down the trigger-happy gang of Somali pirates and keeping […]
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“Help us, please save us”
The 15 crewmen still being held captive on the MV Albedo have issued a letter pleading for their lives addressed to the chairman of the Citizens-Police Liaison Committee in Karachi Crewmen […]
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Inexcusable Behavior
The judge overseeing the case of a Somali man accused of negotiating a ransom payment has told prosecutors they will have a hard time winning a conviction. Judge assails prosecutors […]
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Banking Curbs
According to Michele White, the general counsel to the International Association of Independent Tanker Owners, the supply of dollars from U.K. banks to Somali pirate groups has dwindled since Prime Minister […]
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SA Couple Freed
Bruno Pelizzari and Debbie Calitz, kidnapped by Somali pirates 20 months ago, have been freed and flew out of Somalia today. Armed pirates hijacked their yacht Choizil in October 2010 as it was about […]
