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Somali Pirates Are Getting Rich: A Look At The Profit Margins

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Being a Somali pirate looks like a profitable business from the outside and it is. The margins are as attractive as those in the software industry. Microsoft still makes 60% or better margins on its core Windows, business, and server operations. With the risks that the pirates take, they ought to do as well as that. The New York  Times  did a piece last year in which it estimated that the pirates would bring in $50 million in 2008. That number will be higher this year, by as much as four times. ( See pictures of the brazen pirates of Somalia. ) Most information on hijacked ships is that the ransom paid to get them back is about $2 million per vessel and crew. In some cases, the pirates actually charge an additional fee for the ships which has been estimated as being as high as $5 million. Based on 24/7 Wall St.'s evaluation of news reports, the Somali pirates are seizing near one ship per day now. This week, on a single day, they took over four vessels. Even though several lar...

History’s Most Famous Pirates

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Shrouded in lore and mystique, pirates built a fierce reputation upon their swashbuckling adventures that took place upon the high seas. They regularly raided and took over merchant ships, pillaged and plundered every chance they got, and enjoyed a free-spirited lifestyle that included plenty of partying and good times. However, things didn’t always go as planned and countless pirates died because of their chosen profession, and everything from illness to battle posed a threat to their existence. Although their success was sometimes short-lived, the appeal of a free-roaming pirate’s lifestyle is something that is still lusted after by many people to this day. Let’s take a closer look at the stories of some of history’s most famous pirates: Edward Teach (aka “Blackbeard”), 1680-1718 Perhaps the most famous pirate of all time, Blackbeard definitely lived up to his fearsome reputation. He was said to enter into every battle with a bevy of weapons including knives, pistols and two swords. ...

Deaths of hostages held by Somali pirates 'increasing'

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Story covered by website: The number of hostages killed or injured by Somali pirates increased significantly last year, according to a report by maritime officials. The International Maritime Bureau says 35 people who were held hostage by Somali pirates died in 2011. Levels of violence against seafarers in coastal waters around east Africa and the Gulf of Aden also remained high. While the number of successful hijackings decreased, hostages are being held for longer, the report said. Most of the hostages who died were killed while trying to escape during rescue operations. The other deaths were directly at the hands of the pirates or due to malnutrition or disease during captivity. Brutality While figures for hostages killed in previous years are patchy, the report says the 2011 figure does reflect a significant increase, and accounts for 3% of the total number of hostages taken. BBC Africa analyst Mary Harper says it used to be rare for hostages to die in captivity since their value w...

Maritime piracy and armed robbery against ship!!!

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Maritime piracy and armed robbery against ship are one of the contemporary challenges of the maritime industry. These two phenomena have a global impact on maritime trade and security. Nowadays, the Gulf of Aden and the Indian Ocean are considered high risk areas in terms of piracy and armed robbery against ships activities. In this regard, both the international community and the coastal States of the region have deployed every effort to try to find ways to address the problem. Being part of the region, Madagascar faces the same challenges like the coastal States of the Eastern Africa and the Western Indian Ocean region in terms of maritime piracy and armed robbery against ships threat level, and the organization as well as the response capacity to tackle these crimes. The following research paper proposes a piracy response model for Madagascar by analyzing the manifestation of the modern maritime piracy and armed robbery against ships, the existing international and national legal fr...

Being a seafarer is not an easy job...!!

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If you want to be a reputed and respected seafarer, young generation of Maliku should follow the footsteps of our predecessors who were known as most disciplined dedicated sincere and hard working seafarers in the world and that was the golden era of Minicoy seamen, whereas being a Minicoy seaman itself was sufficient enough qualification to be recruited to the company. The valour of the sacrifices they made will remain unmatching. I am a son of a seafarer who had served as a bosun and an inland master and hence well aware of the hardships of a seafarer than any one else akin to many of our ages....There were days when I waited for months, some times an year, or more to see the my beloved father...at times i used to think how my father will look like and even asked myself whether would he be able to recognize me after such a long time, obviously a childish question...!!! Even my younger brother who is a chief engineer is onboard now during this pandemic far away in New York, miles away...

I learnt the following after being in a lock down

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1. Why the bathrooms and toilets were *outside* our houses and not *inside*. 2. Why we should not touch anything or anybody when we return from a barbershop or a funeral. You may return to normalcy *only* after having a bath immediately. 3. Why the footwear has to be kept outside the house and not inside. 4. Why we have to wash our hands and feet when we returned from schools or outside after playing.  5. Why a mandatory 10 days isolation / quarantine (especially at a birth or death) in traditional households. 6. Why the households must not cook if there's a dead body inside the house.   7. Why the washing of discarded clothes has to be done outside the house and not inside. 8. Why was it mandatory to be clean and have bath before cooking for the house. 9. Why once you have had bath, you were not supposed to physically touch those who did not. Maintaining physical hygiene, social distance and cleanliness were laughed at, ridiculed, insulted, systematically breaking these tradi...

A Santana story give us patience!!!

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Ashwatthama became very angry when his father Dronacharya was killed in the Mahabharata war.  He left a very terrible weapon "Narayana Astra" on the Pandava army.  No one could retaliate it. It used to fire people and immediately destroy those who have weapons in their hands and are seen trying to fight.  Lord Shri Krishna ordered the army to leave their weapons and keep folding hands silently.  And said do not even bring the idea of ​​war to mind, it also identifies and destroys them.  Narayan Astra slowly calmed down when his time expired.  In this way, the Pandava army was protected.  Justify this story episode?  Everywhere the battle does not succeed. To avoid the wrath of nature, we should also leave all the work for some time, silently folding hands, keeping a good mind in mind and stay in one place.  Only then will we be able to survive its havoc.  The corona will also cool down by completing its time period.  Lord Shri Krish...