According to this article in the N.Y. Times, the pirates who commandeered the Ukrainian ship MV Fain are close to reaching a deal in which they would be paid $8 million to surrender possession of the ship. What leverage do the pirates have to receive such a deal?
I presume similar ransoms are be paid by the ship owner’s insurance company, but in those cases, the ship wasn’t surrounded by the U.S. Navy.
Perhaps the pirates are threatening to kill crew members if their demands aren’t met, but in similar situations, I recall the U.S. government refusing to negotiate over such terms.
Lastly, I assume that the pirates aren’t suicidal and won’t blow the ship up and ride it to the bottom of the ocean.
So what’s left?