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 ...
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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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