chapter  1
PIRACY AND CONTRACTS OF CARRIAGE BY SEA
BySimon Rainey QC
Pages 22

The number of reported incidents of piracy worldwide has been declining since 2010 1 and this trend continued in the fi rst half of 2012 with a further sharp drop in the number of attacks recorded. 2 Despite this positive progress, largely attributable to a concerted international effort (as well as to, perhaps, the more recent introduction of armed guards or response teams on board vessels transiting affected waters), the threat posed by piracy remains signifi cant and continues to create serious issues in the shipping industry.