West African pirates hijacking larger vessels to maximise ransom returns

INSURERS are making ransom payments to West African gangs of $30,000 to $50,000 per kidnapped crew member, amid warnings that changing piracy tactics have placed vessels at risk of increasingly violent attacks in the Gulf of Guinea over coming months.

Stephen Askins, a London-based maritime lawyer who specialises in piracy, says Nigerian pirate gangs are now “maximising returns” by seeking to seize larger vessels in order to abduct higher numbers of crew. The spotlight is now on the Nigerian navy’s response, he said.

To continue reading, please click here.

Source: lloydslist.maritimeintelligence.informa.com

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.