Pirates threatened the world oil market


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The oil market has faced a new threat — pirates around the world and especially in the area of West Africa have stepped up their activities, creating risks for international oil companies. It is reported by CNBC.

The publication, citing data from the International Maritime Bureau (IMB) notes that the growth of piracy poses a threat to traditional international supply chain. According to these data, in the first quarter of 2020 the surge in piracy has been observed worldwide. A total of 47 recorded cases of armed robbery at sea, which is nine more than in the first quarter of 2019 (38 cases).

On the Gulf of Guinea, a key centre in which oil production is eight exporting countries of West Africa, to date, have 21 attack pirates and 90 percent of all kidnappings in the high seas.

According to the information specializing in the analysis of political risk consultancy firm Verisk Maplecroft, most cases of piracy were registered in Nigerian waters. It is expected that in 2020 and 2021, the number of pirate attacks will increase. The activity of pirates will increase in neighboring States, creating serious obstacles to the shipping and international oil companies.

As stated by Alexander Ramaekers (senior analyst at Verisk Maplecroft, specializing in processes in Africa), the collapse in oil prices in 2015 led to a change in tactics of the pirates: before the attack on the tankers was carried out with the purpose of stealing oil and its resale on the black market. Today the main aim of kidnapping the crew and demanding ransom for the release of the hostages. Unlike Somali pirates, pirates in the Gulf of Guinea do not have the ability to store stolen cargo and mooring due to the lack of ports.

From the actions of pirates are suffering including the Russians — 21 April, pirates seized a container ship Tommi Ritscher. Among the hostages were three citizens of Russia.

Video, photo All from Russia.


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