How to Make Money in this Economy (continued)

» 17 November 2008 » In Crime, money, Travel »

How to Make Money in this Economy (continued)

(Top Ten ways to Make Money in a Down Economy)

(How to Make Money in a Down Economy (continued)?)

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Somali pirates are in command of a Saudi supertanker in the Indian Ocean after staging their most daring hijacking yet off the coast of Kenya.

The Sirius Star, owned by the Saudi company Aramco, is the largest ship ever taken by the pirates, and can carry a cargo of crude oil worth more than $100 million.

As pirates have become better armed and equipped, they have sailed farther out to sea in search of bigger targets, including the oil tankers, among the 20,000 tankers, freighters and merchant vessels passing through the Gulf of Aden each year.

Attacks have increased by more than 75 per cent this year.

With many attacks ending with million-dollar payouts, piracy is considered the most lucrative work in Somalia. Pirates rarely hurt their hostages, instead holding out for a huge payday.

The strategy has been effective: a report last month by a London-based think-tank said pirates have raked in up to $30 million in ransoms this year alone.

Source

Buccaneering is Up in the Down Economy.

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Crime pays for Somalia’s pirates – 10 Oct 2008

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One Comment on "How to Make Money in this Economy (continued)"

  1. The G Manifesto
    Steve Lurkel
    18/11/2008 at 10:54 am Permalink

    Hmmm, I’m surprised that in this, the age of Blackwater, we haven’t heard about anyone offering maritime protection services. Has to be easier than doing a stint in Baghdad or Kabul.

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