Somali pirates continue to use rocket launchers and grenades to attack…

The pirates of Somalia are getting even more bold and heavily-armed than ever. Earlier this week, twelve pirates were arrested after they attacked a merchant vessel with rocket propelled grenades. If contemporary piracy is going to emulate historical piracy, you can bet that today's pirates will be tomorrow's… » 1/11/13 10:18am 1/11/13 10:18am

Arrr! "Pirate Cultural Adviser" wanted for Euro navies

Think you know a lot about Somali pirates? Familiar with the ins and outs of the shifting pirate finance markets? Then send a résumé and cover letter on over to the European Union's anti-piracy task force. They're in the market for an expert on pirate culture. » 8/13/11 12:25pm 8/13/11 12:25pm

Security expert predicts a future pirate war off the coast of Somalia

Somalian pirate raids, though deadly, are often amateurish. Security guards can usually shake them off with a few carefully-aimed shots, but one expert says that soon this won't be enough. Get ready for the modern world's first pirate war. » 3/30/11 11:38am 3/30/11 11:38am

Arrr! Pirates Take Up to $12 Billion Worth of Booty

Don't let the dilapidated fishing boats or the rusting AK-47s fool you. Pirates mean serious business. A maritime industry group crunched the numbers and found that combating piracy threats cost governments and businesses between $7 and $12 billion every year. » 1/21/11 3:00pm 1/21/11 3:00pm

Somali Pirates Diversify Activities With Savvy Real Estate Investments

The terrors of the East African seas have moved onto dry land with a variety of investments meant to move their ill-gotten gains into more legitimate areas. The Somali pirates' most popular pursuit? Kenyan real estate. » 1/05/10 12:30pm 1/05/10 12:30pm

Somalia's Pirates Have Created Their Own Stock Market - And It's Booming

Excited about the booming pirate economy? Now you can get a tiny cut of Somalian pirate booty by investing in their stock market - that's right, these pirates are now offering stock in their plundering operations. » 12/02/09 5:23pm 12/02/09 5:23pm

Could Pirates Become an Army for the Stateless?

A group of pirates is holding a US ship captain hostage in East African waters after hijacking his freighter. Forget robot soldiers - the ancient pirate is the future of warfare in a post-national world. » 4/09/09 2:23pm 4/09/09 2:23pm