The thriving black-market industry of piracy cost the world economy an estimated $7 billion in 2011, and pirates themselves netted about $160 million in ransoms alone, according to a recent report from the International Maritime Bureau. Although international cooperation and the education of shipping companies is finally resulting in a reduction of overall pirate attacks, the […]
The Forgotten Hostages
August 2012 The crew of the MV Iceberg 1 was hijacked in the spring of 2010, and to this day, the crew is still held captive. They have been seemingly forgotten by countries and other organizations, and are the longest-held maritime hostages in modern history. Completely abandoned by their irresponsible and profit-seeking shipping company, the situation […]