Koeketiene
Well-Known Member
I was amazed to be told at one meeting that the reduction in attacks in July was attributable to the new interdiction force. They were not best pleased when it was pointed out to them that the south west monsoon was far more effective at curbing small boat operations than any number of warships.
There has been a monsoon season twice a year, every year. To claim that the monsoon season has more of an effect on pirates now than in 2009 would take us into MMGW territory.
The drastic decline of piracy off Somalia is due to 2 factors:
1. The large majority of vessels now passing through the area now carry private armed security teams.
2. The change of the rules of engagement for some military task forces which allowed them to go after pirate installations ashore. Pirates never really had money set aside for a rainy day. Once their craft ashore were destroyed, and there were no more easy pickings to be had they could not afford to replace them.
A Greek ship owning friend of mine had one of his vessels taken hostage and it cost him shed loads to have it released.
Didn't he have insurance?
Some, more cynical, ship owners even made money out of whole thing by making the negotiations drag on longer the necessary..
The owners of the oil tanker SMYRNI come to mind.
Fully laden oil tanker held for nearly 7 months and released after the payment of a 12 million USD ransom.
In that time the value of crude had gone up significantly making him a tidy profit even after deduction of the ransom.