Somali pirates on deck of the MV Faina, which is carrying a cargo of Ukrainian T-72 tanks.Jason Zalasky / U.S. Navy /Getty
From Time Magazine:
There will be plenty of winners if Somali pirates keep their pledge to release the captive Ukrainian freighter MV Faina and its cargo of Russian battle tanks in exchange for a ransom of $3 million — but very little of the booty will go to the pirates themselves. "Our representatives told us that the ship's owners have agreed to a good amount of money," TIME was told this week by a man named Ahmed Gel-Qonaf, 29, who claimed to be among the pirates aboard the Faina, captured in September. "We said if there is money they are ready to pay, then we will release the ship." And the $3 million figure confirmed by Gel-Qonaf represents a relative bargain in comparison to the pirates' opening bid of more than $25 million.
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My Comment: A good business .... if you are a part of it.