3 ms·
Kidnapping and ransom seems to be the most profitable part of piracy. Insurance costs would likely go down for unmanned vessels. You could spend money on arms a
by stubish 6y ago
Kidnapping and ransom seems to be the most profitable part of piracy. Insurance costs would likely go down for unmanned vessels. You could spend money on arms and mercenaries and RPG launchers and machine guns and escorts and drone squadrons through danger zones, but it is cheaper to just pay insurance. If insurance stops working, the next cheapest would be to pay pirates protection money to keep other pirates in check.
https://www.forbes.com/2010/04/15/pirates-somalia-shipping-insurance-business-logistics-piracy.html https://www.forbes.com/2010/04/15/pirates-somalia-shipping-i...