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Word: motherly (lookup in dictionary) (lookup stats)
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...next largest expense is buying and keeping "mother ships" in good working order. The boats are usually trawlers which are, based on photos, about 100 feet long. One or two of these have been sunk by foreign navies, but they do not have to be replaced often. A large trawler built in the 1970s costs about $1 million. A trawler that is ten years old costs closer to $3 million. Some of the trawlers the pirates use were probably seized during their raids. Most research indicates that one out of three attempts by the pirates to hijack a ship succeeds...

Author: /time Magazine | Title: Somali Pirates Are Getting Rich: A Look At The Profit Margins | 4/15/2009 | See Source »

...Each mother ship works with four or five attack vessels, which are not unlike WWII PT boats, but are made of light-weight metal or composite instead of wood. Each of these has to run on two or more turbo diesels which put out 480 HP at 3,000 PRM. These are not engines which are likely to be used on any of the hijacked ships so they are probably one of the largest direct costs the pirates have. If the pirates operate 50 raiding boat it requires 100 engines. These cost as much as $15,000 each...

Author: /time Magazine | Title: Somali Pirates Are Getting Rich: A Look At The Profit Margins | 4/15/2009 | See Source »

...pirates almost certainly pay protection to the head of the Puntland, Mohamud Muse Hirsi. Puntland is the region where most of the large "mother ships" that take the small pirate raiders out to sea, are located. For protection from international intervention on land, senior Puntland officials are probably getting a third of the take, or about $65 million...

Author: /time Magazine | Title: Somali Pirates Are Getting Rich: A Look At The Profit Margins | 4/15/2009 | See Source »

...Each mother ship and raider requires high- end GPS, radar and sonar. The best radars available for small ships run about $4,000. High end GSP system cost about $1,500, and sonar systems a little less than $1,000. All of the equipment runs about $400,000 for 12 trawlers and 50 raiders before installation costs. Once again, this is not an annual cost because most of the hardware can be used for several years...

Author: /time Magazine | Title: Somali Pirates Are Getting Rich: A Look At The Profit Margins | 4/15/2009 | See Source »

...total of $173,000 because each of 500 men is armed. The price for 9MM pistols on the black market runs about $200, for a total of $100,000. Browning 50 caliber machine guns are $14,000 each, with at least one per raider and two per mother ship for a total cost of just over $1 million. Rocket propelled grenades which are used in most raids run $3,000 and one is used in each of the 400 hijacking attempts for a total of $1.2 million. Total ammunition costs at $1 per bullet...

Author: /time Magazine | Title: Somali Pirates Are Getting Rich: A Look At The Profit Margins | 4/15/2009 | See Source »

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