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Pirate attacks up 20%, Avg booty = $40k a pirate


Hendershot

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http://www.cnn.com/2008/CRIME/04/29/pirates/index.html

 

The International Maritime Bureau says 49 attacks were reported in the first three months of 2008, compared with 41 for the same period last year. It recorded 263 pirate attacks last year, up from 239 the year before and the first increase in three years.

 

Worse still, analysts estimate that the numbers are underreported by as much as 30 percent.

 

A piracy case raises insurance rates for ship owners, said Ioannis Michaletos, security analyst for Greece-based Research Institute for European and American Studies.

 

So, "unless there's a death, many ship owners won't report it," he said.

 

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