Global Upfront Newspapers
Africa Business Cover News

Gulf of Guinea Re-Emerges as Piracy Hotspot, Allianz Says

July 15, 2020 by Bloomberg

By Elisha Bala-Gbogbo (Bloomberg) –The West African coast has overtaken Southeast Asia as the worst area for reported piracy and kidnappings at sea last year, with the number of seafarers seized rising by more than 50%, according to a study.

The area, known as the Gulf of Guinea, also recorded the third-highest number of ship losses — the most yet, Allianz Global Corporate & Specialty SE, a unit of Munich-based Allianz SE, said in a report Tuesday. Abductions accounted for 90% of the global total in 2019, according to the International Maritime Bureau.

“Piracy remains an ongoing issue,” said Rahul Khanna, global head of marine risk at Allianz. “We thought we had a handle on it but it has manifested yet again.”

Incidents on West Africa-bound vessels have been rising steadily in recent years, with attacks targeting crew rather than the ship or its cargo. Despite a global decline in piracy last year, there has been no let-up in attacks in the Gulf of Guinea in 2020, especially off Nigeria’s coast.

“Piracy in the Gulf of Guinea emanates almost exclusively from Nigeria,” said Jakob Larsen, the head of maritime safety & security at the Baltic & International Maritime Council in Copenhagen. “The Nigerian pirates use the Niger Delta as the staging point for attacks on shipping across the whole eastern part of the Gulf of Guinea and take hostages, holding them for ransom in camps in the Niger Delta.”

Nigeria’s navy and its maritime agency didn’t immediately respond to requests for comment.

About 45% of global piracy occurred in the Gulf of Guinea in the first quarter of this year, according to Allianz. There were 47 reported incidents, up from 38 a year ago, mostly targeting container ships and bulk carriers.

A key reason for the increased attacks is the ability of pirates, who are often well-armed and violent, to reach ships and kidnap crews as far as 170 nautical miles (315 kilometers) offshore, Allianz said.

Piracy will likely remain a threat for the foreseeable future amid heightened global political and economic uncertainties, Allianz said.

–With assistance from Yinka Ibukun.

Advertize With Us

See Also:

Harry Porter author, JK Rowling, reveals she was sexually assaulted in her 20s and tells of the scars of ‘domestic violence’ from her first marriage as she hits back in ‘transphobia’ row

Global Upfront

Biden holds 8-point national lead in new poll

Global Upfront

China Begins Construction On World’s Largest Stadium, Signaling Hope That Crowds Will Gather Again

Global Upfront

Follow the sun: How solar panels are evolving

Global Upfront

Canada succeeded on Coronavirus where America failed. Why?

Global Upfront

How corruption undermines peacebuilding in Nigeria’s oil region

Global Upfront

Exclusive: APC Cabal confused on 2023 Presidency, yet to find “winnable” Presidential candidate from the South

Global Upfront

Buhari signs N10.8 trillion 2020 revised budget

Global Upfront

FG says data price crashed by 50 per cent

Global Upfront

MNJTF assures surrendered Boko Haram/ISWAP terrorists of “humane treatment”

Global Upfront

This website uses Cookies to improve User experience. We assume this is OK...If not, please opt-out! Accept Read More