On top of that, the last thing you want on an oil tanker is a gunfight between the guys protecting your ship and the pirates armed with RPGs and incendiary ammo.
But if they would hire an armed ship as an escort, the shipping company wouldn't be responsible for what the crew of the hired escort ship does to the pirates once it catches them.
Yep, we'll take the pirates and surrender them to the authorities. Oops, sorry! Man over board. Ahhh bummer...too late.
So what is my solution? Get one of these old Soviet Navy vessels in conservation for cheap, fix it, arm it and make a profit with it:
Military ship Ad # : 381
Ad started: Sep 28
Price: $ 250 000 USD
Ship former military Built 1983 Length 48.6 m Breadth 9 m Depth 4.18 m Max draft 2.22 m Number of decks 1 Number of engines 2 (in 5000 hp each) Number of oil-electrical engines 2 Fuel consumption (max speed) 164 grammes/hp/hour Dimensions of hold 8x6x2 m and additional 5x5x4 m Hull's steel plate's gage - 5-8 mm Crew 6 Passenger capacity 14 Portability 8 days Max speed 29 knots Economical speed 15.5 knots Endurance 1250 miles DWCC 150 mt Price 250 000 USD Ship hull need dry dock and reequipment. There are two variants of reequipping; to the cargo vessel and to the yacht. The engines are in perfect condition. The ships hull and the superstructure are in good condition.
-Repairs and reequipping in an Eastern European shipyard (they work for less money and I even know the owner of one): between $750K to $1 million.
-Two salvaged Vietnam war era Oerlikon 20mm AA canons: $10K.
-Small arms for a crew of 7: $100K
Charge $50K-$75K per merchant ship escorted, you get your investment back in no time.
Maybe I can get a grant from the multi-billion dollar bank, insurance and automobile industry bailouts. I can pay them back in 1 year.