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Home » As Oil Interests Move Into West African Waters, So Do Growing Numbers of Pirates

As Oil Interests Move Into West African Waters, So Do Growing Numbers of Pirates

June 4, 2013
Maritime Executive

Nigeria accounted for 27 attacks last year, and Togo reported more attacks in 2012 than in the previous two years combined.

It's the dynamics of these attacks that is especially worrisome.

Strategically, the West Africa region of the Gulf of Guinea is the source of 15 percent of U.S. oil imports, which some analysts believe will increase to 25 percent over the next five years. The region has the fastest rate of discovery of new reserves in the world, and those reserves have become a magnet drawing oil majors from the U.S., Europe and Asia.

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Keywords: transportation management, international trade, supply chain risk management, ocean piracy, Somali piracy, West African ocean piracy

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Logistics Global Logistics Logistics Outsourcing Ocean Transportation Transportation & Distribution Global Supply Chain Management Regulation & Compliance SC Security & Risk Mgmt Chemicals & Energy Middle East/Africa
KEYWORDS Chemicals & Energy Global Logistics Global Supply Chain Management international trade Logistics Logistics Management: Ocean Transportation Logistics Outsourcing Maritime Executive Middle East/Africa ocean piracy Ocean Transportation Regulation & Compliance SC Security & Risk Mgmt Somali piracy Supply Chain Risk Management Transportation & Distribution Transportation Management West African ocean piracy
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