Preliminary reports from the International Chamber of Commerce (ICC), whose Commercial Crime Services division monitors worldwide maritime piracy, indicates reported piracy incidents are more or less holding steady. From the infographic contained in this post we see that attacks against ships have climbed over the past four years. According the ICC, in 2016 reported attacks […]
GoG loses $2bn annually to piracy
June 2013 According to a regional expert from a university in Cameroon, the piracy in the Gulf of Guinea is a big problem– a $2 billion dollar problem, to be exact. Professor Joseph Vincent Ntuda Ebode, of Yaounde II recently spoke at an international symposium held to discuss piracy. The reason, according to him, is that because piracy causes ships […]
Piracy Surge Endangering Commodities Shipping
The recent spike in piracy in the Gulf of Guinea is a major threat to the several vital commodities that are shipped from West Africa. The nations of the gulf, such as Nigeria, Ghana, Benin and the Ivory Coast are heavy exporters of oil, cocoa and metals. This West African brand of piracy is distinctly […]
African States Join Forces
June 2013 States from Central and West Africa have reached an agreement to create a regional center for coordinating the rise in piracy in the Gulf of Guinea. The recent spate of attacks have become such a problem that they seriously endanger the shipping industry in the Gulf. The Gulf of Guinea hold major oil […]