Why do we pay ransom to pirates instead of just killing or arresting them after they let the hostages go? Won’t paying them just make them keep stealing ships and holding them hostage?
In: Other
Oftentimes, that is the decision of the insurance companies. For them, it is cheaper to pay a couple million dollars in ransom that have to pay out for a lost ship and cargo. There simply are not enough naval vessels available to be able re-capture these seized ships. The priority is the keep the ships running with as little downtime as possible, and for now, paying ransom is the quickest solution to the piracy.
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