Sunday, October 19, 2008

This Week in Piracy

From the AP:

"It's been a busy, profitable week for Somali pirates: They hijacked one South Korean bulk carrier Wednesday, released another South Korean cargo ship Thursday and let a hijacked Thai ship go Saturday after getting a ransom."

But that's not all folks:

"Nearly a dozen ships and over 200 crew remain in the hands of pirates, including the hijacked Ukrainian arms ship MV Faina, for which pirates have demanded an $8 million ransom.

U.S. warships are still surrounding the Faina to keep the pirates from unloading its cargo of battle tanks and heavy weapons."

Maybe it's a good time to take a long position in grappling hooks, peglegs, eyepatches and parrots?

Update: hmmmm, I wonder if this has anything to do with the piracy uptick (hat tip to commentor SSFC)?

1 comment:

Anonymous said...

Insert angry remark about the Royal Navy's new stance on piracy here.

Honestly, since when has quarter become a human right, and since when have pirates expected it?