Pirate Hijacking Can Cost Tens of Millions of Dollars
Negotiating with pirates is such a cutthroat business that shipowners have to make sure they don't get robbed a second time while delivering the ransom.
Firms that have negotiated the return of their ships and crews from Somali pirates have discovered that one pirate may grab another pirate's ransom, leaving the captured ship still in hostile hands and an angry pirate still demanding his booty.
A kidnap-for-ransom consultant, known as a K&R specialist, is likely telling that now to the Saudi... Full Story
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