Complex sentence: Industrial shipping companies are trying to figure out if piracy is back in the region or this is going to be a rare occurrence, as this the first case of Somali Piracy in a good half decade and of the new year.
Split into simpler sentences: Industrial shipping companies are trying to figure out if piracy is back in the region or this is going to be a rare occurrence. As this the first case of Somali Piracy in a good half decade and of the new year.