Understanding Contemporary Maritime Piracy And Maritime Security: Political, Legal And Economic Implications
Keywords:
Maritime, Legal Challenges, International Politics, EconomyAbstract
While many people believe piracy to be something daring and magical, as depicted through Hollywood movies, the reality is that piracy is a real and ever-growing threat to seafarers. Ships of all trade, military or civilian, are at the risk of attack at any given moment, and pirates are becoming more and more ruthless in their actions. Piracy affects its victims in many ways, including emotionally and physically. One of the most important and least understood impacts of piracy is its financial cost. Piracy is considered a critical maritime security threat in the world. In ancient times, the main drivers of piracy were raiding for plunder and capture of slaves; however, in modern times, developments in politics, economics and even military technology have drastically altered the universal crime of piracy. There are a variety of motives behind modern day piracy including economic gains from receiving ransoms from governments or shipping companies, political and even terrorist reasons. However, it cannot be denied that piratical attacks persist and continue. This paper will examine the adequacy of legal frameworks at both the international and regional levels in order to address the current legal measures for combating piracy. Furthermore, it will discuss current challenges in the implementation of anti-piracy measures at the international and regional levels.
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