This website uses cookies to ensure you have the best experience. Learn more

Ransom On The High Seas Essay

1142 words - 5 pages

Ransom on the High Seas: The case of Piracy in Somalia

The pirates in the coast of Somalia came to activity at the start of 2003. The main reason that provoked local Somalis to start attacking foreign cargo ships was the civil war that broke out in 1991. The Somali Civil War leads to an unstable government that lacked on authority, leadership and control to stop the rising attacks between local groups. From there, Somalia went on downhill; its population decreased over two thirds from 1991 to 2011 and by 2008, the United Nations estimated that nearly 3.2 million Somalis were dependent on food aid for survival. These pirates had nothing to live fro before attacking the ships.

They ...view middle of the document...

If we only think on the business vision and not the ethical one, the company could end up having to pay over 20 million dollars (there were 20 crew members held as hostages) to the families of the workers plus the cargo that they wouldn’t receive back and the extra costs during the process. As we can see this is clearly not the best option for ISC to take, as there are not any advantages at all from it. Another factor that we have to take into consideration if the negotiation is not carried out is the mere fact that ISC does not have any insurance against pirates on the ship that has been captured, placing them in a very delicate situation.

Another possible idea that Martin had was to negotiate using the force. As I have just mentioned before, dealing with pirates is a very delicate situation and any drastic move can lead to the death of the hostages. If the negotiation does not go as well as ISC would like to, they could apply the force from different sources (military, government or private) and solve this problem. Nevertheless, if this plan does not work out to perfection, the pirates will discover this threat and kill the hostages as a message to future negotiations (you have to remember they have nothing to loose whilst you have millions of dollars in hands).

In addition, Martin’s third option involved the U.S. Navy Ship that was fast approaching Odyssey (ISC ship captured by the pirates) to rescue the three American crewmembers that were held hostage. The highly trained Seal Team would likely be successful in attacking and recapturing the ship, however they estimate a 60% chance that one or more crewmembers die. This third option is probably the biggest risk for ISC: if they allow the Seal to carry out their operations, most probably a couple of workers will get killed. The problem is not that to this point, is the amount that get killed as each body has a price of more than one million dollars to the company. So to what extent the amount that they would have to pay for the looses of workers greater or less than the amount they would have paid if the negotiation was carried out.

His last option was to try and capture the...

Other Papers Like Ransom on the High Seas

Best Cruise Ship Essay

2406 words - 10 pages . Innovation has been a catalyst in making Epic’s journey a hit with people. Solo studio cabins, ice-bar, performances by Blue-man group, new wave cabins and translucent bathrooms; the innovative changes are a pleasant change. Queen Mary 2 The first ever cruise line to be built for transatlantic voyage, QM2 was always regarded as the biggest cruise line in the world till Allure of the seas comfortably took its place on the number one spot. Since

Explain and Critically Evaluate the Concept of “Freedom of Navigation”

2711 words - 11 pages .............................................................................................................10 1. INTRODUCTION: This work will examine the concept of freedom of navigation in the territorial sea and in the high seas. The ideas supported with the United Nations Convention on the Law of the Sea (UNCLOS) articles which explain the concepts effectively. The importance of coastal jurisdiction will be explained, there are three different stages which are

Japan's New National Border Strategy and Maritime Security

5840 words - 24 pages ’ obligations regarding piracy” required under Article 100 of the UN Convention on the Law of the Sea, the Japanese Diet enacted the “Law on Punishment of and Measures against Acts of Piracy” (Anti-Piracy Law). This unprecedented law aims to combat criminal acts of piracy on the high seas by imposing penalties, including the death penalty, and has gained the attention of other countries considering adopting anti-piracy laws. Although the Japan Coast

Research Paper

4378 words - 18 pages Oasis of the Seas Highlights | | * Oasis of the Seas Photo Gallery * Oasis of the Seas Accommodations * Oasis of the Seas Deck Plans Launched in December 2009, Oasis of the Seas is the world's largest and most revolutionary ship introducing the cruise line's new neighborhood concept, which will provide vacationers with the opportunity to seek out relevant experiences in seven themed areas based on their personal styles, preferences

Lindberg Baby Kidnapping

1069 words - 5 pages on Charlie around 10:00pm, he was gone but Lindbergh nor his wife had the child. An immense investigation was led by the New Jersey State police along with the New York City Police and the Federal Bureau of Investigation. There was substantial evidence which includes a ransom note and forensics information which led to the suspects. The Lindbergh case was so significant that it became the “Trial of the Century” and eventually the suspect was

Somax Is the True Hero in Ransom. Discuss

641 words - 3 pages Malouf contends that Somax is the true hero of the novel, "Ransom", through the events he participates in, his disposition and the characteristics he displays. Somax, a mere commoner that Malouf has added into his novel, gives Priam an insight into the world he was missing out on. His chatter, whether about ‘[the] little cakes’or his ‘pretty daughter-in-law’, is always intriguing to Priam. Throughout their journey, Somax attempts to

Occupancy Management at Seven Seas

3178 words - 13 pages to ensure we sail with a full complement of passengers. When I first came into this business, you made your profit from the last twenty percent of travelers, now you try not to lose your shirt to keep the ship at capacity for each sailing. I blame the internet!” Seven Seas Cruise Vacations Pamela Homesworth, then a 31 year old businesswoman, had joined Seven Seas Cruise Lines Inc. directly from an MBA focused on electronic marketing and

Disaster Recovery Plan

948 words - 4 pages : Need to know how the hackers got into the system, Jacob suspect human error through downloading fake antivirus software. Will install a network based infection detection system. Notification/ Activation Phase: Alert Sunnylake stuff of a service disruption and a guaranteed plan of action to pay the ransom being demanded by the hackers. This is in support of Per Gullestrups idea and approach based on his past experiences with dealing with

Consummerism

1112 words - 5 pages ) The report of neglect and abuse is central to the quality of care delivered. Consumers will place high value on an organization will little to know reported case of abuse and neglect.  How consumers use these indicators as part of the QI process: Consumers utilizes these indicators to assess the quality of care. Families can assess these quality indicators to aid their decision making process. Consumers usually have a choice - either to

The Transformation of Literature Criticism

1779 words - 8 pages critic is a judge, not a denouncer. The essence of literary criticism is therefore to evaluate. But there remain two problems when it comes to evaluation. Firstly, it is because literary criticism is evaluative, and because most of the evaluators are not creative writers themselves, that it is hated by creative writers. Just as John Ransom put it, “the critics have nearly always been amateurs, including the best ones” (Criticism, Inc.,1108). And from

Club Rules. These are my club rules. they might be of use to you

707 words - 3 pages Club Rules1.$3.00 must be paid by the third Wednesday in the month or you will be ELIMINATED.2.If a member tells you a secret you must keep it or you will be ELIMINATED or worse.3.You do not need parents' permission.4.You can not date 2 or more guys at a time (this rule will change for the summer).5.You can not stay out passed 1:00A.M.6.Boys must be out the house by 11:00P.M.7.The money that is collected will be used to help a member or go on an

Related Essays

A Study On The Factors Of High Labour Turnover Within The Hotel Industry In Johor Bahru

2882 words - 12 pages A study on the factors of High Labour Turnover within the Hotel Industry in Johor Bahru 1.0  Introduction The hotel industry in Malaysia was considered the second highest industry that contributed to the national GDP. A report from the Malaysia Insider (2010) stated that 9% of the country’s GDP is contributed by this industry due to the increasing numbers of tourists visiting the nation. This can be seen from a 2010 report by the MTPB which

A Qualitative Research Report On Parental Involvement As A Protective Factor During The Transition To High School

690 words - 3 pages A Qualitative Research Report on Parental Involvement as a Protective Factor During the Transition to High School by Cozetta Walk EDD 9300 Methods of Inquiry Nova Southeastern University September 20, 2010 A Qualitative Research Report on Parental Involvement as a Protective Factor During the Transition to High School Introduction As adolescents move from the smaller middle school setting to the larger and more sundry

Critical Essay. The Poor Economic Climate In The Uk And The Affect's On The Marketing Mix Of A Start Up Retail Venture In The High Street

1955 words - 8 pages sales for the first time ever in 1999 during the recession. (Robert G. Picard,RGP.(2001)'Effects of recessions on advertising expenditures 'The journal of media economics 14,(1)11-12) Conclusion: In summary the marketing mix an incredibly useful tool for the savvy entrepreneur seeking to start a new high street business venture as it can be used to analyse and implement the business strategy and help to identify the market, how to

The Battle Of Jutland Essay

655 words - 3 pages The Battle of Jutland took place on May 31st 1916 between the German High seas fleet and the British Royal Navy. It was the largest naval battle of the First World War with the Royal Navy launching the first super battleship HMS. Dreadnought and a similar battle cruiser HMS. Invincible. Both sides claimed victory but nothing had changed, the British Navy still claimed the seas and the blockade was never broken but they suffered more casualties