After the rescue of Maersk Alabama captain Richard Phillips, some Somali pirates issued a predictable amount of bluster about reprisals. (Every country will be
“„The military intervention could also have economic repercussions for the industry, officials said. Insurance rates, already higher because of piracy attacks, might go up further to take into account the possibility of lethal firefights between pirates and navies.
“„And more companies could bypass the Gulf of Aden altogether, instead taking the long way around the Cape of Good Hope, adding to journey time and costs.