Skip to Content

Massively looks at the best free to play games

A solution to the pirates off the coast of Somalia

Text SizeAAA

Filed under: Entrepreneurship, Extracurriculars, Ripoffs and Scams, Transportation, Fraud

freighterYo ho ho, and a freighter of munitions.

Self styled amateur pirates have a strangle hold on the active shipping routes off the shores of Somalia. They are reaping multi-million dollar booty for their exploits. Reports state that Somali pirates are currently holding as many as a dozen ships for ransom, and that reported incidences of freighter hijackings have reached a total of nearly 100 vessels. All is not well though, for the self proclaimed Black Beards and Jack Sparrows of maritime Somalia. The seafaring terrorist cult made the unsightly error, on September 25, of hijacking a shipment of munitions which includes as many as 30 Russian T-72 tanks. The tanks and other assorted war making paraphernalia are aboard the ill fated MV Faina, which issued from Ukraine. At last report, a Russian frigate was en route to the scene while American warships hold MV Faina and it's pirate crew at bay.

Setting aside the obvious seriousness of the situation for a moment, I see a couple of clear cut opportunities here. First, we must consider that these pirates know that sea going freighters carry payloads worth millions of dollars each. They have proven that maritime insurers will grudgingly pay million dollar ransoms to get hijacked ships released. It has become an almost excepted cost of doing business. Therein lies the opportunity.

Just for the sake of this proposal, let's say that maritime insurers are willing to pay $1 million per ship, to get them back from some pirates. It stands to reason then, that those same insurers would pay $750 thousand per ship, to have their insured vessels reach their destinations unmolested. I don't know about you, but with one series of phone calls, I could easily round up a half dozen guys who would be more than glad to take $100 thousand dollars to spend a couple months with rocket propelled grenade launchers and deck mounted 50 cal. machine guns, ready to give some Somali pirates a one way tour of Davey Jones's locker. Heck, I know a couple guys who'd do it for $20,000.

An alternative strategy, for our law and order hard-liners out there, would be for the United States Navy to sell reasonably priced escort services to ships which must navigate that treacherous stretch of sea. Would $100 thousand be a fair price for a four day escort by a USN destroyer? I don't think there's a Constitutional prohibition against our Navy taking mercenary contracts, is there? Unfortunately, the United States Navy is indicating that there is nothing they can effectively do about the problem.

There is only one possible draw back that I can think of in these protective scenarios. There might be some down side in the inevitable outcome. After about six months of effective pirate squelching, I imagine that the need for seagoing escorts might suddenly drop off, when a host of Somali seamen eventually grasp the undeniably great wisdom in returning to the safe and quiet pursuit of fishing for tuna. They say that all good things must come to an end. I suppose that also includes lucrative piracy, and the effective protection therefrom.
If you're interested in transportation, you may like
these related sites for: Maps, Driving Directions, Travel, and Cars.
Subscribe to Walletpop

Reader Comments (Page 1 of 1)

Add your comments

Please keep your comments relevant to this blog entry. Email addresses are never displayed, but they are required to confirm your comments.

When you enter your name and email address, you'll be sent a link to confirm your comment, and a password. To leave another comment, just use that password.

To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.

Karat Caviar, Outstanding Osetra from Israel
Crystal Clear spring water from Mount Herman and the finest selection of many generations of pure ...
Margarine or Butter: Which is Healthier?
Which is healthier? Margarine or butter? Liquid margarine is a healthier option, but if truth be ...

Your Frugal Tips

dollar bill in sandwichBeing frugal is now hip, but many don't even know where to start. Share your best money-saving secrets here!

    AOL Safeguards

    Madhusmita Bora
    Madhusmita Bora Filed under: Shopping

    Walmart: Who shops there?

    Everyone loves to hate Walmart. So, who shops there and makes it the Goliath that it is? Is it shoppers like the ones you see in this video posted by peopleofwalmart.com? The site claims to be a ...
    Jennie L. Phipps
    Jennie L. Phipps Filed under: Real Estate

    Despite cost, homeowners prefer mortgages to landlords

    In my Detroit-area neighborhood, there are almost no homes for sale. Out of more than 1,000 homes in a two-mile area there are probably only a half-dozen on the market. Yes, you read that right. ...
    Gina Roberts-Grey
    Gina Roberts-Grey Filed under: Debt, Black Friday, Economizer, Credit cards

    Black Friday: Debit card 'don'ts'

    Even though the most recent consumer credit reports show credit card debt is declining, consumer's debit cards are getting quite a workout. Debit card transactions recently surpassed credit card ...
    Gina Roberts-Grey
    Gina Roberts-Grey Filed under: Health

    Light cigarettes won't help you kick butts

    Looking to quit smoking? Don't look to "light" or low-tar cigarettes as a way to lessen your dependency or kick the habit. A study has found smokers who use light and low-tar cigarettes don't quit, ...

    Headlines from WalletPop Partners