Piracy

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Piracy

1. Robbery committed at sea. Piracy is one of the world's oldest crimes and is a risk in international trade. Captured pirates generally are tried in military courts. A company may insure against injury or loss of goods due to piracy.

2. The act or practice of making illegal copies of copyrighted material. For example, printing copies of a book without the author's or publisher's permission may be piracy because neither receives any compensation for sales. Piracy is a major issue in online commerce. It is common, for instance, for a private user to upload a video to a website and even profit from views of that video without permission from or compensation to the copyright owners. The best way to prevent or prosecute this form of piracy remains a controversial issue.
References in periodicals archive ?
Somali pirates were effectively put out of business by international maritime patrols coordinated by the United States and thee European Union.
The Somali pirates have threatened to kill our children if the government does not give in to their demands by November 30.
The hijacking comes two months after Somali pirates, released another supertanker used by the same South Korean shipping company, having keeping the vessel for nearly seven months.
Crew members on a hijacked Indian boat, released by Somali pirates this week, said that at least eight more vessels with Indian sailors had been captured in the past few days.
Iran's 16th fleet of warships, including the country's first home-made destroyer Jamaran, returned home on Sunday morning after accomplishing a 70-day mission in the Gulf of Aden and the high seas where it defended Iran's cargo ships and oil tankers against attacks by Somali pirates.
The latest hijacking brings the number of vessels held by Somali pirates to at least six.
In May, unconfirmed reports by relatives of the Ukrainian crew members said the Somali pirates had taken away the Asian Glory captain, Veliko Velikov, who comes from Bulgaria's Varna, and the rest of the crew had not seen him since March 6.
SOMALI pirates thought to be behind an attack on a supertanker have been captured in a swoop led by a British Navy chief.
In addition to being among the largest, tallest and fastest vessels transiting Somali pirate territory, they are among the best defended in terms of implementing Best Management Practices (BMP) to deter piracy.
As a result of the Somali pirate threat expanding unabated while the temperature rises between India and China, shipping and underwriting could become even riskier and even more expensive.
The attacks show that Somali pirate gangs remain undeterred by a flotilla of ships from Western and Asian countries patrolling to try to prevent a repeat of last year's unprecedented wave of hijackings.
On December 7 European Union's anti-piracy naval force- EU NAVFOR announced that thirteen Sri Lankan crew, Greek Captain along with the Saudi Arabian flagged oil tanker- MV Al Nisr Al Saudi was released from Somali pirate control after the payment of a ransom.

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