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You are here: Home / Archives for cost of piracy

By ATAC Global

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 […]

Filed Under: West Africa Tagged With: cost of piracy, economics of piracy, Gulf of Guinea

By ATAC Global

India for redraw of piracy risk map

May 2013 In an attempt to combat one of the indirect effects of piracy, the Indian government has recently requested an official change to the map of piracy. As pirate raids in the eastern Arabian sea dwindle and essentially cease, India is requesting international organizations change their official map of waters at risk for piracy. […]

Filed Under: GoA and Indian Ocean Tagged With: cost of piracy, high risk area, India

By ATAC Global

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 […]

Filed Under: West Africa Tagged With: cost of piracy, Gulf of Guinea, nigeria, togo

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