In 2011, the African Insurance Organization (AIO) designated Nigeria as global capital for kidnap for ransom due to the huge record of kidnap cases reported in the country yearly. Four years after, Nigeria is still amongst the top 5 countries with high incidents of hijacking and armed robbery attacks against ships in the first half of 2015.
The report titled Piracy & Armed Robbery Against Ships: Report For the Period 1 January – 30 June, 2015 and published by the International Chamber of Commerce (ICC) International Maritime Bureau (IMB) reveals that a total of 134 incidents of piracy and armed robbery against ships were reported to the IMB Piracy Reporting Centre (PRC) in the first six months of 2015; an increase on the 116 reports for the corresponding period in 2014. Out of this number, five countries/locations accounted for about 75% with Nigeria sharing 3rd spot with Malaysia and Bangladesh.
The summary is as follows:
|LOCATION/COUNTRY||NUMBER OF ATTACK|
The report showed that Pirates managed to board 106 vessels and were responsible for 13 hijackings and 15 attempted attacks worldwide. So far in 2015, 250 crew members have been taken hostage, 14 assaulted, 10 kidnapped, nine injured and one killed.Whereas the trend shows an upward swing in South East Asia, surprisingly, the notorious Somali waters is yet to record any incident in 2015
South East Asia is reported to be infamous for the hijacking of small coastal tankers by maritime pirates, averaging one attack every two weeks. Five small tankers were hijacked in South East Asian waters in the second quarter of 2015 alone.
Though no incidents were reported in the month of June Off Nigerian waters, 11 incidents were reported in the first half of 2015. However, 10 crew kidnappings in three separate events were reported in and around Nigerian waters. It urged caution. This is an indication that Marine insurance in the Gulf of Guinea especially Hull & Machinery is still a risky business for insurers. .