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It flourishes by exploiting the incentives that drive international maritime trade. The other parties involved — shippers, insurers, private security contractors, and numerous national navies — stand to gain more (or at least lose less) by tolerating it than by putting up a serious fight. As for the pirates, their escalating demands are a method of price discovery, a way of gauging how much the market will bear
Like convenience-store clerks, crews are trained not to resist.
MANAMA — The multinational anti-piracy force operating off the coast of Somalia warned on Monday of an increase in attacks when the monsoon season ends in the next few weeks. "The Combined Maritime Forces are warning mariners of an anticipated increase in piracy incidents when the southwest monsoon ends in the coming weeks, and are reiterating that merchant mariners must continue to take proactive action to help prevent piracy attacks," said the US Fifth Fleet based in Bahrain.
Like any business, Somali piracy can be explained in purely economic terms. It flourishes by exploiting the incentives that drive international maritime trade.