[instagib]

After watching a pirate vs coalition documentary, you can imagine the cartoonish dollar signs in the eyes of the insurance for piracy industry. Only one person would speak on camera. Loosely quoted “we increased our profits by 35% this year after insuring ships in the gulf of Aden.” Interviewer what would happen if the pirates stopped >> “we would not be very happy about it”.

It costs about 20k per ship for insurance. Armed/unarmed militia onboard security is quite expensive though and they didn’t quote a price. I’m sure they can work it out with the coalition, insurance, and workmen for all the risks involved.

I don’t know if anyone here realizes how valuable these cables are. Satellite time is incredibly expensive. Using other undersea cable routes is bad because now you are in a situation where bandwidth limitations may come into play but mainly lack of alternatives if those remaining cables have issues. I wouldn’t say it’s common to have issues but it is not uncommon.

last quote of the documentary per pirate leader “we are considering going back to the old ways of cutting throats”.