Skip to comments.Somali pirates cut ransoms to clear hijacked ships
Posted on 03/13/2011 3:11:29 PM PDT by george76
Somali pirates said on Sunday they would lower some of their ransom demands to get a faster turnover of ships they hijack in the Indian Ocean.
Armed pirate gangs, who have made millions of dollars capturing ships as far south as the Seychelles and eastwards towards India, said they were holding too many vessels and needed a quicker handover to generate more income.
I believe there is no excuse for taking high ransoms. At least each of our groups holds ships now, pirate Hussein told Reuters from Hobyo on the Somalian coast. He said the pirates were holding more than 30 ships at the moment.
We have lowered the ransom only for the ships we have used to hijack other ships. We sometimes release these ships free of charge for they generate more (money). But we shall not lower the ransom for the bulk ships we are sure can bring bulk money.
Using captured merchant vessels as launch pads for new hijackings, the pirates have grown bolder despite a loosely coordinated global response, and insurance premiums for shipping lines have rocketed.
since late February, the pirates have had to share their spoils with the Al Shabaab Islamist rebels, who profess loyalty to Al Qaeda.
(Excerpt) Read more at thestar.com ...
What??? a “blue light special?” Clearance sale?? How these pirates are allowed to still exist is beyond me.
Sounds like the pirates need to create a hostage and vessel clearinghouse of some kind. Arrrrg!
Right, so that just leaves the federal government that doesn’t understand market forces.
That’s bad when pirating becomes a ‘supply and demand’ economy.
Too many boats/captives, too little booty/bounty.
I say tell the Somali govt that since you cant control who is leaving your shores, WE WILL!, And that means we sink everything that strays more than say 1 mile from your shore - sort of a no-float zone.
Screw the U.N. and what they say.
EXCEPTION: If Michael Moore is captured, then by all means the pirates should “give him a deal”.
So the economy is even FUBAR for Jihadist pirates? That guy Obama is something else!! Will they get a bailout?
I can understand our boy in the White Hut not doing anything as it might get in the way of a round of golf or a Motown night or even another vacation. What I don’t understand is the hands off attitude of the actual world leaders that actually have a set.
Gee, I wonder why they keep doing this.
Soon on OVERSTOCK.COM.
You said “boy”, lol...expect a visit from Eric Holder...
pirates "Betters" will be inspired to lower ransoms taxes?
Hey, anything is possible...
“Low, low ransoms!
We have to make room for new inventory now!
The boss says ‘no offer refused’!”
And my favorite sale spiel...
“I’d give them away... but my wives won’t let me!!!!!!”
Pay them in “Basic Economics” By Thomas Sowell.
Political correctness protects the Somali pirates as it does the “poor kidnappers” of Mexico.
I wonder if the Russians will take them up on this deal.
European nations used to look to the USA for leadership. There are countless examples of foreign governments in Europe paying off kidnappers in Iraq and elsewhere.
Hell, European “leaders” have been paying off the Somali pirates going back to the beginning of this country (which decided it best to establish a Navy to protect OUR citizens and shipments).
We have a buy one get one free this week! This week only take advantage of our craaaaaazy hostage clearance deals!
Why isn’t Obambi-Golden-Child demanding that the wealthy millionaire pirates spread their wealth around amongst the poor people of Somalia?
“We have lowered the ransom only for the ships we have used to hijack other ships. We sometimes release these ships free of charge for they generate more (money). But we shall not lower the ransom for the bulk ships we are sure can bring bulk money.”You keep the ships that are generating turnover. The bulk ships that you think you "might" sell in the future are inventory which are NOT generating income.
“A pirate spokesman, who wished to remain anonymous, contacted Somalilandpress today said at least ten of his men were executed by the Russian navy...”
........a “pirate spokesman”, lolol
Bette Midler and Helen Slater in Ruthless People
Buy one hostage, get one free!
Obama and the ACLU have suggested to the UN that the pirates should be allowed to partake in collective bargaining.
Soon on EBAY:
Buy a boat — cheap; get a hostage to swab yer decks, Matie!
Hurry. Selections are going fast.
Ruthless People (1986)
“at least ten of his men were executed by the Russian navy”
At least someone’s navy “gets it.”
They’re just training for their post-asylum future as used car salesmen in Florida.
They are Black and get the universal pass!
Goldman Sachs is probably negotiating with the pirates to offer “ransom anticipation” bonds.
Gee. Who would have that pirates would engage in cut throat pricing?
Should read - Who would have thought
Well, I’ll be switched. Discounts! Maybe now we all can afford the adventure of a lifetime.
I can understand our boy in the White Hut not doing anything as it might get in the way of a round of golf or a Motown night or even another vacation. What I dont understand is the hands off attitude of the actual world leaders that actually have a set.
Who would that be, besides the Russians I mean.
Stacking ‘em deep and ransoming cheap!
Best idea I’ve heard all day.
See capitalism does work. Supply and demand, when supply is up the price goes down.
John, I didn’t know you were a Reuters contributor.
I bet there is a price war going on with the pirates around the corner as well. Ya got to MOVE that product, or yor outta here!
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