Piracy Increased Three-Fold Over Past 2-Years

The video discusses global piracy trends, focusing on regions like Somalia, Nigeria, and Southeast Asia. It explains the legal definition of piracy and the economic impact, including increased insurance rates and shipping costs. The video also covers the arming of commercial vessels, government involvement, and the role of naval patrols. It highlights the challenges in combating piracy and predicts future trends in areas with weak governance.

What is one reason Nigerian piracy is less publicized compared to Somali piracy?

• Nigerian pirates are less violent.

• The Nigerian government has eradicated piracy.

• Nigerian piracy occurs mostly within territorial waters.

• Nigerian piracy is a recent phenomenon.

How much is estimated to be lost annually due to piracy disruptions?

• $100 billion

• $50 billion

• $10 billion

• $200 billion

What is a major challenge for commercial vessels in Nigeria regarding piracy?

• High cost of fuel

• Poor navigation systems

• Inability to arm themselves

• Lack of trained personnel

Which naval force is involved in patrolling the Gulf of Aden?

• The Australian Navy

• The British Royal Navy

• The Indian Navy

• The US Navy

What is a likely future trend for piracy according to the discussion?

• Piracy will become a minor issue globally.

• Piracy will only occur in the Gulf of Aden.

• Piracy will increase in regions with weak governance.

• Piracy will be completely eradicated.