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LOL @Pirates

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Originally posted by: spacejamz
Originally posted by: ViRGE
Originally posted by: Mide
what fools. I don't see why any country just couldn't send in some commandos to kill them all and take the ship back.
Click to expand...
It's a highly volitile oil tanker that can quite easily blow up if you shoot the wrong bit. The oil is worth nearly $100mil, the ship is worth at least that much too, and you have to figure each crew member is worth at least $1mil. So that's $250mil you lose if you send a strike force, instead of $3mil if you just pay a ransom.

Attacking the ship would be a foolish decision.
Click to expand...

what is the cost for allowing other pirates to commit future piracy acts on this scale because they now know that ship owners are willing to pay out?
Click to expand...
Less than $250mil, as far as the tanker's owner is concerned. I agree that ideally you want to avoid paying ransoms, but in this case it was the only real option.
 
What if we killed them, then other pirates got the hint that we were going to knock them off after the ransom and killed a bunch of people?
 
Originally posted by: ViRGE
Originally posted by: Mide
what fools. I don't see why any country just couldn't send in some commandos to kill them all and take the ship back.
Click to expand...
It's a highly volitile oil tanker that can quite easily blow up if you shoot the wrong bit. The oil is worth nearly $100mil, the ship is worth at least that much too, and you have to figure each crew member is worth at least $1mil. So that's $250mil you lose if you send a strike force, instead of $3mil if you just pay a ransom.

Attacking the ship would be a foolish decision.
Click to expand...

This isn't the movies. The tanker isn't going to blow up if you shoot at it. I've seen videos where people shot at gasoline and propane containers with tracers, and even then they didn't blow up.
 
Everybody go owned. The military for not being able to do anything but watch from a distance, the people who paid the $3 million cash ransom (which was lost) and the pirates who drowned. There were no winners here except the crew who were eventually release unharmed.
 
Originally posted by: 91TTZ
Originally posted by: ViRGE
Originally posted by: Mide
what fools. I don't see why any country just couldn't send in some commandos to kill them all and take the ship back.
Click to expand...
It's a highly volitile oil tanker that can quite easily blow up if you shoot the wrong bit. The oil is worth nearly $100mil, the ship is worth at least that much too, and you have to figure each crew member is worth at least $1mil. So that's $250mil you lose if you send a strike force, instead of $3mil if you just pay a ransom.

Attacking the ship would be a foolish decision.
Click to expand...

This isn't the movies. The tanker isn't going to blow up if you shoot at it. I've seen videos where people shot at gasoline and propane containers with tracers, and even then they didn't blow up.
Click to expand...

It is obviously less costly to just pay the 3m ransom regardless. The company has already moved away from shipping through the suez canal.
 
Originally posted by: ViRGE
Originally posted by: spacejamz
Originally posted by: ViRGE
Originally posted by: Mide
what fools. I don't see why any country just couldn't send in some commandos to kill them all and take the ship back.
Click to expand...
It's a highly volitile oil tanker that can quite easily blow up if you shoot the wrong bit. The oil is worth nearly $100mil, the ship is worth at least that much too, and you have to figure each crew member is worth at least $1mil. So that's $250mil you lose if you send a strike force, instead of $3mil if you just pay a ransom.

Attacking the ship would be a foolish decision.
Click to expand...

what is the cost for allowing other pirates to commit future piracy acts on this scale because they now know that ship owners are willing to pay out?
Click to expand...
Less than $250mil, as far as the tanker's owner is concerned. I agree that ideally you want to avoid paying ransoms, but in this case it was the only real option.
Click to expand...

Plus, that money is coming from their "pirate insurance," not the company.

No joke: Text
 
Originally posted by: spacejamz
Originally posted by: ViRGE
Originally posted by: Mide
what fools. I don't see why any country just couldn't send in some commandos to kill them all and take the ship back.
Click to expand...
It's a highly volitile oil tanker that can quite easily blow up if you shoot the wrong bit. The oil is worth nearly $100mil, the ship is worth at least that much too, and you have to figure each crew member is worth at least $1mil. So that's $250mil you lose if you send a strike force, instead of $3mil if you just pay a ransom.

Attacking the ship would be a foolish decision.
Click to expand...

what is the cost for allowing other pirates to commit future piracy acts on this scale because they now know that ship owners are willing to pay out?
Click to expand...

i dont think you understand how game theory works. 😉
 
Originally posted by: ViRGE
Originally posted by: Mide
what fools. I don't see why any country just couldn't send in some commandos to kill them all and take the ship back.
Click to expand...
It's a highly volitile oil tanker that can quite easily blow up if you shoot the wrong bit. The oil is worth nearly $100mil, the ship is worth at least that much too, and you have to figure each crew member is worth at least $1mil. So that's $250mil you lose if you send a strike force, instead of $3mil if you just pay a ransom.

Attacking the ship would be a foolish decision.
Click to expand...

Uh, oil doesn't explode. And small arms fire wouldn't do a think to the steel surrounding the oil.
 
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