High-seas piracy still flourishes, and it doesn't have beads braided into its beard, either. Real life pirates use grenade-launchers and speed boats to hijack cruise ships and cargo freighters. Here's a piece on the piracy hotspots of the world.
Even though the global numbers for piracy is declining, there's one area that incidents are growing: Bangladesh. In 2006 they recorded a staggering 33 incidents (22 successful, 11 attempted) making Chittagong the "world's most dangerous port." There have been 47 reports since January of 2006 alone. In 2003, pirates killed 14 fishermen in the Bay of Bengal waters outside of Chittagong, stealing $50,000 USD worth of fish and further making this dangerous port a pivotal area for piracy.Link (via Digg)