Ransoms to Pirates Remain a Spiraling Illegal Tax on the 90% of World's Goods That Move by Sea.


The revelation this week that the owner of an Algerian cargo ship whose crew was held by Somali pirates paid them $2.6 million in ransom is yet another indication that the rewards these denizens reap for their illegal, life- threatening work remain a serious stumbling block to ending maritime organized crime, AdvanFort Company President and COO William H. Watson said.