While not terrorism in the typical sense, the pirates did succeed in terrorizing their captives, and paid the price for it. The greater issues are the rules of law on the high seas, and for how much longer will piracy be tolerated. If the surviving pirate is tried in the United States, incarceration appears to be in the cards. If in Kenya or elsewhere in Africa, we're not too sure.
Somali pirates are turning the high seas into a state of anarchy not seen in a century or more. They'll continue to terrorize innocents until what we call the "civilized world" demonstrates that they will suffer the same fate as the pirates who made the mistake of kidnapping Captain Phillips.
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