Millionaire Son in Law Chapter 3694
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- The frequency and cost of piracy in the Gulf of Aden are discussed.
- Shipping companies are heavily investing in international security services.
- Charlie considers involving Cataclysmic Front in the armed escort market.
Charlie asked again, “Now that the Gulf of Aden side, the piracy activity is frequent?”
“Frequent.” Melba explained: “The pirates there have not stopped, the hotter the shipping market, the more active they are,”
“They hijack a merchant ship, will detain the ship and ask for ransom from the shipowner, usually at least a few million dollars to start from,”
“And sometimes even to tens of millions of dollars, the shipowner does not dare not give, and waste of time, wasting a trip to the transport Money, may lose is tens of millions of dollars or even hundreds of millions of dollars of freight income is additional,”
“So now the shipowners give great importance to international security, almost large merchant ships will spend this money like water.”
“By the way, after the incorporation of the Su family shipping group, we have begun to send ships normally, our own ships, will also buy international security services.”
When Charlie heard this, he asked, “Do you know anything about the current international security companies? Where are their bases usually located?”
Melba said, “Right now there are at least three hundred security companies in the global shipping market, of course, the highest demand for armed escorts in the Gulf of Aden, so everyone is setting up coastal bases in the Indian Ocean and the Arabian Sea coast,”