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Financial Aspects of Piracy Explained

Release of 'MV Leopard' crew hostages by Somali pirates, prompts Denmark researchers 'RiskIntelligence' to give general ransom & pirate 'investment' insights. Economic terminology such as “market” is used in the below to describe the criminal activities of hijacking and ransom. During February 2011 a total of 37 ships were held along the shoreline of Somalia, compared to only two in 2008. The average…