Somalia piracy, once unsolvable threat, almost completely stopped. Here’s why...

hobyo

Armed Somali pirates carrying out preparations to a skiff in Hobyo, northeastern Somalia, ahead of new attacks on ships sailing in the Gulf of Aden on January 4, 2010. PHOTO | AFP

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.