Has Somali piracy crisis returned? 'Yes and no', says maritime veteran
The seemingly relentless widening of the Middle East conflict beyond the Red Sea appears to ...
Somali piracy appears to be on the wane, but there is something about the phenomenon itself which holds an enduring interest. The UN has recently completed an in-depth study of the pirates’ business model in Somalia, which has found a highly structured industry replete with investors, detailed record keeping and a strict commercial hierarchy, all of which are subject to the winds of free market forces.
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