Gulf of Guinea piracy worsens
Maritime regulators and the shipping industry issue warnings over escalating frequency, severity and range of pirate attacks
The problem of piracy in the Gulf of Guinea continues to worsen, prompting the UN’s International Maritime Organization (IMO) to issue fresh warnings and convene a safety committee meeting for later this year. But amid the escalation, the IMO and maritime insurers continue to issue the same official guidance for shipowners and operators, limiting the impact on shipping. In the latest significant incident, container ship the Mozart was attacked in late January around 98 nautical miles (nm) northwest of Sao Tome and Principe, with the death of one crew member and the abduction of 15 more. And there have been further incidents since, including an LNG tanker being fired upon and a refined p
Also in this section
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields
23 April 2024
Cheaper Russian barrels and lower overall crude prices have helped cut key oil consumer’s import bills in election year
22 April 2024
Pursuing three different goals as part of the same package may mean achieving none of them