Word: perring
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Dates: during 2000-2009
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...pirates to hijack a ship succeeds. Covering enough ground to seize 120 vessels a year based on 400 attempts means that the pirates are probably running a dozen mother ships at any one time. The costs to "buy" and maintain those ships is about $3 million each per year, because a trawler that is seized for use and not ransomed is $3 million in revenue not taken in. Mother ship costs are at least $30 million, maybe $36 million. These are not annual costs. For each one sunk, the cost of replacement is $3 million. On a pro forma basis...
Most information on hijacked ships is that the ransom paid to get them back is about $2 million per vessel and crew. In some cases, the pirates actually charge an additional fee for the ships which has been estimated as being as high as $5 million...
Based on 24/7 Wall St.'s evaluation of news reports, the Somali pirates are seizing near one ship per day now. This week, on a single day, they took over four vessels. Even though several large national navies including the US are policing the shipping channels to cut down piracy, the rate at which the pirates can grab prey is picked up fairly fast. The Somali pirates could take over between 80 and 120 vessels this year, and the figure is conservative. That would put their gross revenue as high as $200 million...
...decision was made now instead of a year ago, Powers’ response: "They don’t make these decisions overnight. They do studies." Code for "Oh crap, the economy is burning! Let's cut half an hour worth of salaries and power costs per day!"? We think...
...trundle beds amid the groovy Lucite globe swing chairs, beanbags and rocking chairs, as well as flat-screen TVs and free wi-fi. If it's warm enough outside, you can hang out at the hotel's outdoor café or rooftop deck. Rates start at $199 per night. If you're traveling alone, you can book a regular room for just $69 per night. 230 East 51st Street...