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Pirate Attacks Increase in the Gulf of Guinea

by Joao Peixe, Oil Price:

I had always believed that pirates boarded oil tankers in order to take the crew and cargo hostage in return for a ransom, or to syphon off the cargo for illegal sale on the black market, but it seems as though the pirates aren’t above a bit of common mugging.

I say common, but it isn’t the most common thing in the world to discover that an oil tanker (its crew mainly) has been the victim of a mugging, but on Thursday the government, and maritime agency of Togo announced that pirates had looted a chemical tanker off the coast earlier in the week.

Traditionally the Horn of Africa has been a danger zone for pirate attacks, but whilst international navies are actively engaged in counter-piracy operations there, the growing piracy activities in the Gulf of Guinea (along the coasts of Nigeria, Togo, Ghana, and the Ivory Coast) has begun to grow exponentially, with little fear of naval retribution.

Read More @ OilPrice.com

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