Word: cargoed
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Boeing 747 231 ft. Cargo ship, captured Sept. 25, 2008 529 ft. Oil tanker, captured...
...feeling retro enough with the stock markets of 2008 being at roughly the same value as those of 1998, then I’d suggest looking to the high seas ,where this year seems more like 1708. Two days ago, pirates seized a Hong Kong-registered cargo ship, the Delight, in the Gulf of Aden. According the International Maritime Bureau (IMB), the Delight, which is now bearing toward Somalia, joins 17 other ships currently being held by pirates. This week has been particularly successful for piracy: Last weekend buccaneers captured a Japanese-operated chemical and oil tanker as well...
...Once a ship is captured, the risk to crew and cargo of mounting a military raid to free it from pirate hands is considered too great - in most cases, the vessel's owners simply pay a ransom. Yet the threat of falling prey to pirates has not deterred shipping companies. Though some have changed their routes to avoid the Gulf of Aden, with the global economic downturn threatening to drive down demand for their services, they appear willing to risk the occasional ransom payment in order to stay in business. Nor are they transferring the cost to customers. Tony Mason...
...piracy has grown, so have the ambitions of the pirates, who have begun to home in on tankers and bigger cargo vessels in the hopes of fetching larger ransom payments. Usually, a Somali pirate attack involves two or three speedboats, each carrying up to five armed men, but NATO officials say the number of boats involved is going up, suggesting that the pirates are getting more men and equipment...
...class U.S. carrier, which is manned by 3,200 sailors, not including the 2,500 responsible for flying and maintaining its aircraft.) "So once they have access," Mullen added, "they seem to be able to get on and take over." The pirates generally don't kill or take the cargo; they just want cash...