Ransom on the High Seas: The Case of Piracy in Somalia

Case Solution

Alvaro Cuervo-Cazurra, Michael Train, Jeanne M. McNett
Ivey Publishing ()

The scene of this case is off the coast of the failed state of Somalia, where incidents of piracy have increased dramatically in recent years. In this case, a group of 14 pirates hijacked a cargo ship full of machines, but they have not yet made any demands. They hold the multinational crew of 20 (the captain and two officers are American), the ship and the cargo hostage. The COO of an international shipping company has to choose between alternative strategies to recover the crew, cargo and ship safely at the lowest possible cost.

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