Piracy has become a daily affair, hundreds of crew and many ships are being held hostage. Despite the fact that leading shipping associations have launched a campaign "Save Our Seafarers", the governments and the international community are yet to come up with stronger enforcement legal mechanisms to prevent and eradicate the problem. Developing Nations need to have better knowledge on the legal, judicial, practical institutions and mechanisms employed by the governments and commercial ventures of the advanced nations in combating the challenges of piracy and ensure Maritime Security.