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No quarter given magazine pirate prymer1/26/2024 ![]() An added bonus, Isla Margarita is where non-pirate berserker Lope de Aguirre reached his crescendo. See Somali Pirates Out of Control or Somali Pirates Free Ship After Month of Captivity or Pirates Attack Cruisership or the free daily paper’s headline from yesterday simply titled “ARGH!” for more details.īut setting up a lair in a place like Isla Margarita, located off the northern coast of Venenzuela, would be an environment with relatively low piratery penetration but proximity to major cruiseline and OPEC oil routes. Investing there is a bad risk reward proposition for a variety of reasons. For example, the coast of Somalia is a competitive, if fragmented, market. Of course, this only holds true given the proper locale. For an investment of $20-30k in a boat, some deckhands and rental cutlasses, a pirate captain can realize a 50-60% ROI in one year. Piratery provides a compelling ROI for the entrepeneurial seaman. However, there has not been a commensurate rise in piratery. Over the past couple decades, shipping companies, luxury cruiselines and international boating have all seen large increases in net profits. Can you imagine England if pirates hadn’t been around? It would now be the United Kingdom of Mexico and London would be New Seville, had it not been for an enterprising fleet of bucaneers. Fine countries such as Trinidad and Tobago were built on the pirate economy. Piracy used to be an important industry providing raping and pillaging services for emerging market economies and sovereign states. ![]()
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