Captain Phillips strikes back

Risk versus reward ratio no longer in pirates’ favour.

Captain Phillips strikes back: Off Horn of Africa, pirates go bye-bye

Somali pirates in 2011 attacked 237 boats in the oceans around northeast Africa. In 2014 there have been seven attacks, all failed.

By Mike Pflanz

Three years ago, Isse Yuluh’s pirate gang hijacked a yacht being sailed around the world by a Danish family with three teens. The Danes were eventually freed for a ransom of $3 million.

 Mr. Yuluh went to sea again. This time he returned to his beachfront base in northern Somaliawith a Liberian-flagged oil tanker and an Emirati chemicals carrier, and their 48 crew members, in tow. After 10 months of negotiations and a handover of $12 million, all were released.

But despite being one of Somalia’s most feared and wealthiest gang leaders, Yuluh announced in May that he had “renounced piracy” and would tell his “fellow comrades to leave this dirty business, too.”

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Source: news.yahoo.com

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