In the News

Who do pirates call to get their cash?

29/01/2009

The hijacking of ships off the coast of Somalia has become a mini-industry, with another seized on Thursday. The ransoms are always paid – but how?

James Wilkes, who runs specialist maritime risk company Gray Page, which has been involved in negotiations in several hijackings in Somalia, says it can mean daily contact with pirates for several months. The average hijack lasts two months before a ransom is paid…

Publication: This story appeared in BBC News Magazine. Read article.

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