Piracy off the coast of Venezuela to emerge in 2018. Pirates also make an income by smuggling goods from Trinidad and Tobago into Venezuela, where there is scarcity of numerous common products due to economic issues. With the two countries being two hours apart by water, Venezuelan pirates can receive high profits selling Trinidadian goods in their native country and then return to the island nation to sell discounted Venezuelan contraband. Venezuelans also fear government authorities who are just as desperate, calling law enforcement pirates as well. The violence in the area lead "Trinidad and Tobago Newsday" to name the waters the "Gulf of No Return".
Piracy off the coast of Venezuela 2017, piracy grew in Lake Maracaibo, with bandits attempting to rob and kill boaters in the area for their possessions. Croakers, valuable fish caught in the waters that contain swim bladders rich in collagen, are often targeted by pirates in the area to be sold in international markets. The Bolivarian Navy of Venezuela, according to locals, rarely patrols the waters. Pirates would also strip equipment from PDVSA oil facilities near Lake Maracaibo's waters. In total, 71 incidents of piracy occurred in Venezuelan waters according to OBP, a 163% increase. Reports of Venezuelan pirates attacking luxury yachts in the Caribbean began