By Chinweisu Amuta
Globally, the International Maritime Bureau (IMB) Piracy Reporting Centre, based in Singapore, recorded 201 incidents of maritime piracy and armed robbery in 2018, up from 180 in 2017. The Gulf of Guinea remained increasingly dangerous for seafarers as reports of attacks in waters between the Ivory Coast and the Democratic Republic of Congo more than doubled in 2018.
The expansion of piracy in the Gulf of Guinea poses a dire threat to local economies, potentially undermining what little stability currently exists in the region. Oil revenue, which many countries in the region rely upon, is seriously threatened by pirate activity; seven per cent of Nigeria’s oil wealth is believed lost due to such criminality.
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Security and Risk Report 24/05/23
MAST’s security report issue 370 is available to read now. In the Gulf of Guinea, the US Consulate has praised the efforts of the Nigerian