By THE CONVERSATION In 2011, pirates carried out 212 attacks in a vast area spanning Somalia waters, the Indian Ocean, the Red Sea and the Gulf of Aden, actions that the World Bank said cost the world economy $18 billion a year. Armed pirates hijacked ships as far away as 1,000 nautical miles from the Somalia coast. They held the ships and crews for ransom. The World Bank estimates that Somalia pirates received more than $400 million in ransom payments between 2005 and 2012. The piracy problem appeared unsolvable.

https://www.theeastafrican.co.ke/tea/news/east-africa/somalia-piracy-almost-completely-stopped-here-s-why-4384132

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