Pirates off Somalia get $18-30 million ransoms: report

Pirates off Somalia get $18-30 million ransoms: report

www.reuters.com

Piracy in the Gulf of Aden has cost shippers between $18-30 million so far this year in ransoms...

Pirates have hijacked more than 30 ships off Somalia this year, making the country's 3,300 km (2,060 mile) coastline...

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Very enterprising pirates down there.

And who says we dont negotiate with terrorists?
Or I guess they are technically Pirates. So we negotiate with pirates.

Well shiver me timbers!

With the costs of fuel, it may be cost effective to bribe or negotiate with these pirates in exchange for safe passage. Many of the companies and insurances involved likely see this as simple risk or a business expense.

www.reuters.com
(visit the link for the full news article)