Somali Pirates Practice Inventory Management

Photo: kenhodge13

Somali pirates are apparently getting more sophisticated in their business practices: “A group of Somali pirates announced Sunday that they’re cutting their asking prices for hostages by 20 percent — to speed up the negotiation process, make room for more hostages and take in more cash,” reports Wired.  “We want to free ships within a short period of time instead of keeping them for a long time and incurring more expenses in guarding them. We have to free them at a lower ransom so that we can hijack more ships,” one pirate spokesperson told Reuters.  The discount, however, won’t apply to “the bulk ships [the pirates] are sure can bring bulk money.”

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  1. Caleb B. says:

    Obvious solution: Destroy every ship that the pirates take, killing the pirates and the hostages both. It is a painful sacrifice for current and near-term hostages, but if the practice becomes routine, the pirates will respond to the consequences and stop hijacking ships.

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  2. shyniz says:

    “Obvious solution: Destroy every ship that the pirates take, killing the pirates and the hostages both. It is a painful sacrifice for current and near-term hostages, but if the practice becomes routine, the pirates will respond to the consequences and stop hijacking ships.”

    Are you willing to let a multi-million dollar ship of yours get destroyed and have your company bankrupted? “They” can’t just go and destroy the ships or kick ass because no one has responsability over the hostages, the ships are worth millions, and the pirates are armed too.

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