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Somali pirates are threatening revenge against the US after three of their comrades killed yesterday in his successful rescue of American captain Richard Phillips.
By the US navy now the head of the US naval force -- Central Command is warning those deaths could spark more violence in the waters off the Indian Ocean.
-- ship owners are now looking at 1000.
Per cent increase -- on insurance premiums.
Do -- hijacking was from one terror on the high -- I'm joined by -- -- to Somalia and powerful academic expert in political science professor.
At Davidson college and joining me live in studio here is James -- -- he's an industrial shipping enterprises -- -- He negotiated the release of one of his ships from the very pirates.
Just recently we're gonna walk through both of the details this morning good one talent thanks for being here.
Ken let me start with yield.
We understand of the hostage situation thankfully has come to a resolution with Richard Phillips how exactly was it resolved and how -- common was that by the United States to take.
A pretty aggressive stance on that.
The entire situation was unique we had never had a piracy situation in which.
A ship was was intentionally stalled we had a hostage.
Stuck on a lifeboat with some of the pirates out -- -- that this was not the way that piracy normally goes down in Somalia normally the entire.
Cargo ship is taken back to shore with the crew intact.
The pirates negotiate the ransom they're just in it for the money leadership is released.
This situation that ultimately.
Involved -- Navy SEALs shooting the pirates when they appear to be threatening the captain's life.
Was very very unusual and really changes the whole game.
Of piracy off the Somali coast.
Camp specifically how does it change -- -- because as we understand.
A similar situation happened with the French -- and fortunately the owner of that -- actually died as a result of -- we understand they're more naval ships in the area.
But as I understand that camera and camera there's a 25.
I mean I walk -- through -- -- Avery tells me you can't control that area of the -- Note that the the area in question is as large as the entire eastern half of the United States it's a huge amount of water.
There is no way that international navies can successfully patrolled is to prevent.
The piracy they have deterred some of the piracy along the Gulf of Aden which is a more narrow quarter.
Leading into the Red Sea in the Suez Canal.
But it's it's it's a task it's too big so piracy is going to continue.
The question now is how will the pirates adapt.
To the new rules of the game in which some militaries the US in the French.
Have opted to use force two to stop in and kill the pirates and and make no doubt.
They would they will adapt to this in -- probably adapted ways that will make hostages.
More at risk and that's one reason why I suspect insurance rates are likely to go up.
Quite a bit for the shipping companies --
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