Is There A Hostage Oversupply In Somalia?

Incidents in 2011, including the Beluga Nomination

Pirates Negotiate Better Deals to Free Up Space -- Spiegel Online

Somali pirates may have reached their limit, at least for now. Security agencies have suggested that Somali pirates are willing to negotiate lower ransoms to release ships they have seized -- because they are running out of room.

Somali pirates have made large swathes of the Indian Ocean a no-go area, but lately they've become victims of their own success. Security agencies report that pirate groups are more willing to negotiate the release of captured vessels lately -- in large part, experts believe, because their ports at Haradheere, Eyl and Hobyo are choked up with ships.

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My Comment: This story illustrates perfectly how out of hand the Somali piracy has become.

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