Nexus is believed to have been formed three years ago as shipping companies grew more concerned about the rise in pirate attacks in the Red Sea and Arabian Ocean waters, especially off of Somalia and Yemen.

FORBES: Venezuela Frees U.S. Ship And Crew After Smuggling Investigation

Mr Taylor argued that the Pirate Party UK's arguments to support the proxy were a "complete red herring".

BBC: Music industry group BPI demands pirate proxy closure