Well, believe it or not, while the US has a policy of not negotiating with terrorists (or pirates, for that matter), many other countries (say, for example, FRANCE) have a nasty habit of paying whatever ransom is demanded. So while you may not find a ship full of gold, there is money to be had in piracy. Most of the time, pirates focus on tankers- high value cargo, with only a handful of people. This week, pirates attacked an American operated cruise ship transiting from Rome to Singapore. Fortunately, no one was injured.
Anyone want to guess where all that booty goes?
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