What is the Gulf of Guinea known for?
Its major tributaries include the Volta and Niger rivers. Beach at Accra, Ghana, on the Gulf of Guinea. The coastline of the Gulf of Guinea forms part of the western edge of the African tectonic plate and corresponds remarkably to the continental margin of South America running from Brazil to the Guianas.
Why is there Piracy in the Gulf of Guinea?
A hotspot for piracy Rather than stealing cargo – usually in the form of oil – piracy in the gulf has evolved since the 2014 oil price crash to focus on kidnapping seafarers and holding them for ransom because thieving oil no longer holds the same potential profits as it once did.
Why is piracy on the rise in Nigeria?
Pirate attacks are spreading out from Nigerian waters. With Nigerian waters under increasing surveillance from the combined naval forces of Benin and Nigeria, local knowledge of Benin’s coast next door has become a valuable commodity for Nigerian pirates, suggesting piracy in Benin may grow.
Is piracy still an issue in Somalia?
The Somali government has not gone after pirates because pirate leaders currently have more power than the government. In 2008 the pirates are estimated to have gained about $80 million through ransom payments. On 2 May 2009, Somali pirates captured MV Ariana with its 24 Ukrainian crew.
Why did Somali piracy stop?
Recently, however, Somali piracy has plummeted. According to the IMB, just nine vessels were hijacked off the Somali coast last year. This is in part because regional security has improved dramatically. Somali pirates usually board vessels, then drop anchor and hold them until they get ransom money.
How much loss has Somali piracy cost the world economy?
For every $120 million seized by pirates in Somalia, the cost to the shipping industry and the end consumer is between $0.9 and $3.3 billion, according to research by Tim Besley (LSE and the IGC Steering Group), Thiemo Fetzer (LSE) and Hannes Mueller (Barcelona GSE).
How many ships have Somali pirates hijacked?
As of spring-2012 there have been more than 51 attacks off Somalia (121 worldwide), 11 hijackings off Somalia (13 worldwide), and over 158 hostages taken off Somalia. Currently, 12 ships and more than 170 seafarers are being held hostage by Somali pirates for ransom.
How do Somali pirates get paid?
Ordinary pirates usually get $30,000-75,000 each, with a bonus of up to $10,000 for the first man to board a ship and for those bringing their own weapon or ladder. Qat, a narcotic plant that is chewed by many, is often provided to pirates on credit during an operation.
How many ships are hijacked?
Number of pirate attacks worldwide 2010-2020. In 2020, there was an increase of pirate attacks against ships worldwide compared with the previous year. While 162 ships were attacked by pirates in 2019, the number of ships attacked grew to 195 in 2020.
Are merchant ships allowed to be armed?
While it is still possible for ships to sail through the Strait of Hormuz with private armed guards on board, few ports in the Gulf allow ships carrying weapons to enter. “The legal implications for insurers and vessel owners are widespread.
Where do most pirate attacks happen?
Pirates in Southeast Asia: The World’s Most Dangerous Waters. From 1995-2013, 41% of the world’s pirate attacks happened in SE Asia. Its waters have been declared the world’s most dangerous by the U.N.
Is piracy unethical?
Piracy is Unethical The attraction of piracy is due to its anonymity and the ease with which illegal copies of software can be made and distributed. However, every person who makes illegal copies is contributing to the monetary losses caused by piracy.
What is illegal downloading music?
Illegal: Downloading music files which are copyrighted that you do not hold the copyright to. For example, logging on to Audiogalaxy or Napster and downloading the newest song by Matchbox 20 (which is copyrighted like 99% of the music on Audiogalaxy and Kaaza).
What is the meaning of pirating?
to the unauthorized duplication of copyrighted
Is it illegal to watch streams?
The advice from legal experts is that any service offering free streaming, or downloading, or to watch movies online for free, is probably illegal. Normally, the only people who get prosecuted are those who provide the illegal online streaming services.