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

Authors: Cuervo-Cazurra, Alvaro; Train, Michael; McNett, Jeanne
Product Type: Cases
Source: Richard Ivey School of Business
Publication Year: 2011

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In this case a group of 14 pirates have hijacked a cargo ship. They hold the multinational crew of 20, the ship, and the cargo hostage. The Chief Operating Officer of an international shipping company must choose among alternative strategies to get the crew, cargo and ship, back safely with as little cost as possible.

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