Piracy on the Rise in Nigeria

A pirate attack on an Italian ship off the coast of Bayelsa state, in which four crew were abducted, marks the latest in a spate of incidents that have some analysts flagging West Africa as the next piracy hot spot.

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InFocus

  • West Africa:  Nigeria Attacks Pair Piracy, Kidnappings

    allAfrica.com, 25 December 2012

    The 23 December pirate attack on an Italian ship 40 nautical miles off the coast of Nigeria's Bayelsa state is part of a growing trend in Africa's Gulf of Guinea region. Four ... read more »

Photo: ThisDay

Pirates operating on the Nigeria coast.

InFocus



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  • buyme20
    Dec 27 2012, 00:10

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  • jonathanegalal
    Feb 23 2013, 03:25

    aritime security is a $14 billion (US) per year industry and it continues to grow every year. Piracy effects the entire global supply chain. It directly impacts the price of petroleum, food, merchandise and other consumables in every nation.

    During the year 2010, over $240 million (US) was paid out to meet pirate ransom demands. But in previous years such as in 2005, the average ransom demand was only $150,000 US. Within five years, the average ransom demand skyrocketed to $5 million and even further up to $9.5 million (US).

    Qualified security personnel working in designated High Risk Waters earn wages far above the security industry average. Skilled English speaking maritime security professionals with the proper training and background earn between $5,000 up to $7,000 (US) per month and sometimes more.

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