Somali Piracy-Implications for Oceanborne Commerce and Regional Security and Challenges to International Law

Abstract

The article analyses the history and causes of Somalia piracy in social- economic, geo-political and panoramic context. It also deals with commercial and security threats of the piracy as well as its challenges to oceanborne trade and to traditional doctrines of international law. In doing so the article focuses on 6 major areas: examination of the threats to maritime commerce, strategic sealanes and vital energy sources; threats to maritime, regional and global security; challenges to international law and existing world order; threats to international financial order; threats to international economic order; outline of future prospects for the piracy; and concluding remarks.