Word: ransoms
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...pirates, floating with their captive in a lifeboat surrounded by U.S. warships, have not demanded a ransom for Phillips. Numerous shipping companies have paid millions of dollars in ransom to free some of the dozens of ships that have been hijacked in recent months off Somalia...
...They are very angry with how he managed to free the crew and they may hold him for a while," said the man, who refused to give his name. "But if the pirates are not going to receive any ransom money, they may release him because one man has no meaning for the pirates...
...fated pirates had not demanded a ransom for Phillips. Numerous shipping companies have paid millions of dollars in ransom to free some of the dozens of ships that have been hijacked in recent months off Somalia. A Somali man who said he was a go-between for Somali pirate leaders and the men who captured the Alabama told TIME that, before the rescue, the pirates had been unsure what to do with Phillips. The Somali man, who refused to give his name, said that the pirates were "very angry with how [Phillips] managed to free the crew" but that...
...There are several reasons for the spike in attacks. For impoverished Somalis, who appear to be behind most of the attacks, massive ransom payouts in recent months have proved that the piracy trade is perhaps their best route out of despair and hopelessness. It now appears that the earlier drop in attacks had more to do with the weather than with the international show of force. "There are new pirates all the time," Abdi Timo-Jile, a pirate himself, told TIME from his home in the central city of Garowe. "We people are not afraid. There is death every...
...support their activities. Why? Because opium is a limitless cash crop. Well they don't have opium in Iraq. But what they have in almost limitless supply are antiquities. So they're using them to fund their activities. It is not the number one source of funding. Kidnappings for ransom and extortion will still always be the number one source, but it's on the list...