Word: ransoms
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Dates: during 2000-2009
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...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...
...cargo of more than $100 million worth of crude oil. This occurred despite the attention of navies from the U.S., NATO and others that were patrolling the area to protect shipping. (The Ukrainian vessel, MV Faina, remains one of 11 captive vessels currently moored off pirate ports as ransom negotiations continue...
...mainly cargo ships that pass through the Suez Canal annually. There are several gangs of pirates; armed with Kalashnikov rifles and traveling on small fishing boats and skiffs, they have attacked more than 80 ships and hijacked at least 30, collecting anywhere from $18 million to $30 million in ransom, according to the British strategic think tank Chatham House. Big paydays have made them progressively bolder: one gang is still holding on to the MV Faina, the Ukrainian freighter carrying a consignment of Russian tanks that was hijacked on Sept...
...test" for the new minister, say some. But only a week into his new appointment, Atmar appears to be passing with flying colors. On Monday, he oversaw the rescue and release of two prominent Afghan businessmen who had been kidnapped by a criminal gang and held to ransom for millions of dollars. What remains to be seen, however, is whether he can bring the kidnappers to justice. His next task will be to stop a new round of suicide bombings before they start...
...nabbed the nine men scouting a passing ship 100 miles off Somalia's coast and found their boat laden with assault rifles, grenade launchers, and grappling hooks, they simply confiscated the boats and gear, and handed the men over to the authorities on shore. The estimated $30 million in ransom payments that has flowed into pirate coffers in the area over the past year will easily pay for replacement equipment, and even in the remarkable event that the nine remain behind bars, there's no shortage of recruits to one of Somalia's few booming industries...