Piracy is just as alive today as it was in the distant past
Ship owners risk crew and cargo every time they send their vessels to certain parts of the world, such as the Gulf of Aden, the Malacca Strait, South America and West and East Africa.
Pirates took in an estimated $160 million in ransom last year, and one study predicts the number will climb to $400 million by 2015.
Twenty-two hostages seized by pirates nearly three years ago have been freed from the Panama-flagged “MV Iceberg One”. The BBC was informed by authorities in Somalia’s semi-autonomous region of Puntland that their maritime force began the operation to free the hostages – and their ship – nearly two weeks ago. The hostages were reportedly showing signs of having suffered physical torture and illness.