If we investigate the main efforts executed to counter Somali piracy, we surprisingly find out that the majority of these measures are maritime efforts only.
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Somali piracy is the most dangerous maritime threat to the free and peaceful use of the sea since the Second World War consequently, it demands a response that matches its seriousness. Finally, a simplified economic analysis of available security options is presented, followed by the final assessment of benefits derived from the use of armed guards. A study of available piracy insurance policies is presented, followed by an analysis of case law and other legal issues arising from piracy attacks, which could prove important when considering the legal implications of armed guards employment.
An important remedy for the shipping companies/operators threatened by the piracy hazard is the existence of affordable and effective (specialized) marine insurance. This option is explored both from the political (the acceptance by stakeholders) and legal standpoint (legal issues arising from the use of armed guards). One security option is the use of armed guards on board vessels. After explaining why the Somalia region deserves a closer attention when compared to other pirate-infested waters, a brief summary of the international effort to combat piracy threat is presented, followed by a structured overview of the use of private maritime security options in the maritime sector in general. The focus is then shifted to the issue of public versus private security, where possible dangers of private-based security options are discussed in general. The study begins with an overview of the available data on key economic figures representing the projected overall annual costs of modern piracy. The Paper examines the insurance and liability issues resulting from the use of armed guards on board vessels. Keywords: Security, Sea Piracy, Maritime Security. It contends that achieving sustainable maritime security in Africa demands that the root causes of piracy in Africa is effectively tackled, rather than reacting to the symptom of a deeper malaise. This article conceptualizes the relationship between sea piracy and maritime security in relation to foreign naval intervention, highlights the continuance and trend of pirate incidence off the HoA, discusses the emerging risks associated with the intervention of foreign navies in the fight against piracy, and proffers some measures that could contribute to suppressing piracy in the region. Since 2005 this vital waterway has become the world’s most dangerous hotspot of piracy, prompting states whose economic and security interests are particularly being undermined by spiraling piracy in the region has deployed their navies to help enhance maritime security. Waters off the Horn of Africa (HoA) are strategic for global commerce and international security.
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