4 ms·
1. Steal oil tanker 2. ?? 3. Profit What is step 2? Normally, I would assume you try to minimize the incentives in buying stolen goods. In this market, nobod
by 3eb7988a1663 5mo ago
1. Steal oil tanker
2. ??
3. Profit
What is step 2? Normally, I would assume you try to minimize the incentives in buying stolen goods. In this market, nobody is above buying dubiously sourced oil, but what is the likely destination? Do the pirates patiently sit at the oil depot while the ship gets pumped dry, hoping the check clears and nobody shoots them on sight? Once you have an empty $100MM tanker, how do you unload that vessel?
Is it possible the Indian/Japanese/other-petroleum desperate government strike a deal with the pirates?
- manquer 5mo agoTypically insurance companies pay ransoms for crew and cargo . The economics of Somalian piracy is well documented. How the money is distributed, how they finance the operations and the hostage costs etc
- onemoresoop 5mo agoEither used internally or sold off on the black market at a huge discount maybe?
- robocat 5mo agoThe The M/T EUREKA is designed to carry petroleum products rather than crude oil. Products like Gasoline, diesel, jet fuel, Light Distillates, Fuel Oils. I would guess if it were crude oil, then that would have a limited market of buyers.
- deleted 5mo ago[deleted]
- explorigin 5mo ago2. Ransom
- gpm 5mo agoStep 2. is (or has usually been) hold ship and crew hostage for ransom payment from the ships owner.