Allianz: Gulf of Guinea sees piracy soar

Omobola Tolu-Kusimo

THE Gulf of Guinea has re-emerged as the global piracy hotspot accounting for 90 per cent of global kidnappings reported at sea last year, with the number of crew taken increasing by more than 50 per cent to 121, according to marine insurer Allianz Global Corporate & Specialty SE’s (AGCS) Safety & Shipping Review 2020.

Allianz, in the report made available to The Nation, stated that given heightened political and economic uncertainty in the world, piracy is a threat that is likely to remain for a long time.

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Source: thenationonlineng.net

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