Helicopters from USS Dubuque provide aerial watch as Marines from the 15th Marine Expeditionary Unit’s maritime raid force board and seize control of the Antigua and Barbuda-flagged, German-owned vessel M/V Magellan Star, left, Sept. 9, 2010, a day after pirates attacked and boarded the vessel. U.S. Navy photo by Petty Officer 2nd Class William Farmerie 'Private Navy' Aims To Cash In On Surge In Horn Of Africa Piracy -- Scotsman
WITH the Somali pirating season about to begin in earnest, one US company is proposing a radical solution to increase maritime safety around the lawless Horn of Africa country - privately operated warships.
Several dozen international warships already mount anti-piracy patrols, but mandates end at the water's edge and commanders say they are far too few to cover the vast Indian Ocean.
"Our aim is to offer close protection for money for ships passing through the danger area," said Greg Stenstrom, founder of US-based firm Marque Star - which has put down deposits on two ships and has ambitions for more than a dozen more.
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My Comment: I do not know what their profit margins will be in this business venture, but I do know that naval piracy is a problem that will only grow with time, and i am sure there will be clients willing to spend good money to insure the protection of their cargo.