Yes very much well they exist.
A Pirate is a person who commits warlike acts in the sea without authorization of any nation. The word "pirate" conjures up images of eye patches, parrots and peg legs. They sound tough, but the buccaneers of old wouldnâ€™t stand a chance against modern pirates, which are in fact still roaming the sea in search of the same types of treasure as Blackbeard.
Modern pirates attack and overtake transport vessels, stealing goods and often taking hostages. The areas most plagued by seafaring criminals include the waters between the Red Sea and Indian Ocean, off the Gulf of Aden and the east coast of Somalia, according to the ICC International Maritime Bureau's Piracy Reporting Center.
In Many countries harsh punishments await pirates: Both conspiring to commit hostage-taking and seizing a ship while possessing a gun can carry life prison sentences.