Well, there has been rather a weak reaction from governments worldwide. You have to expect that someone, somewhere would be unsatisfied with that. I do not expect many pirates to fall prey, they are after the big game, not tiny yachts that would probably be worth only a million at most. They want the ships with half a billion in cargo on them.
Another option is that the pirates see the news, and they all swarm the first boat together, to send a message. But that would require someone with authority and organization that I do not think they have. That would be more of a full on organized crime move.
Yeah, I think it's pretty much just the Indian Navy that is actively hunting down and destroying pirate vessels - most of the rest seem to be focused on defensive / reactive patrolling. I'm not certain, but I believe Spain is one of the only 1st world nations to authorize the storing of small arms on private ships.
Even if small arms were allowed, the sailors probably would not want them. Pirates don't execute the crews, so it is a relatively risk free thing for them to be captured and wait for ransom. The reason piracy is working is because they are going about it in pretty much the perfect way. All they want is money, with as little blood shed as possible. Sailors know they won't get killed, owners know it is a straight up deal, and they are generally left alone except for some minor chases here and there. Even if they are caught, they are generally released because it is difficult to prosecute them for crimes in international waters.
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