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Letters of Marque

PSC = Privateering Security Contractor

David Isenberg | Posted 05.20.2012 | Business
David Isenberg

Privateers will be motivated by a bounty whether funded by the public coffers or via collections from civil penalties against pirate assets. Issued in tandem with bounties, letters of marque provide an efficient way to confiscate pirate vessels prior to attacks.

PMSC vs. Pirates

David Isenberg | Posted 05.25.2011 | Business
David Isenberg

In the past few years, in response to the increased attacks on maritime shipping by Somali pirates there has been increased call for and use of what m...

PMC to Pirates: "You've got to ask yourself one question: 'Do I feel lucky?' Well, do ya punk?"

David Isenberg | Posted 05.25.2011 | Business
David Isenberg

I've previously pointed out various articles dealing with the use of what we can call a different flavor of PMC, what we can call private maritime con...