Friday, June 11, 2004

Piracy on the High Seas

Security Management reports:

Captain Kidd and Blackbeard have long disappeared into Davy Jones's locker, but maritime piracy, far from a mere historical curiosity, is a growing threat to commercial shipping. According to the Piracy Reporting Center at the International Maritime Bureau (IMB), pirate attacks rose by 20 percent in 2003 to 445 incidents...

these attacks are not carried out by rogue criminals but by sophisticated syndicates. As hijacking requires money, equipment, weapons, planning, experience, and contacts with corrupt officials, and given that the loot per vessel ranges from $8 million to $200 million, piracy has matured into a branch of organized crime, with political or terrorist connections in some cases...

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