Abstract
Globalization has been the necessary catalyst that has catapulted international trade to new heights but not without some associated challenges. In practice globalization has in some cases created a backlash due to inequalities among regions. Seaborne trade accounts for close to 90% of world trade. Unfortunately, some of the sea lanes and routes have become vulnerable to pirate attacks, armed robbery, gun-running, illegal, unreported, and unregulated fishing, drug trafficking, human trafficking and marine pollution. Securing safe passages to ensure smooth supply chain operations embraces the involvement of many actors and stakeholders. Technology is being harnessed to mitigate the scourge of the piracy menace. With the help of the Vessel Traffic Service along some of the littoral countries in the Gulf of Guinea, constant monitoring is achieved thus ensuring a partial safe corridor for ocean going vessels to ply. This paper examines the interplay of the threat of piracy to the safety of navigation, maritime security, seafarers and the risk analysis methods involved in ensuring that sea lanes which form a pivotal vital link to the energy needs of the Gulf of Guinea are met.
Highlights
The dynamics of International trade has changed such that it is impossible for one country to be self sufficient in all its needs
This paper examines the interplay of the threat of piracy to the safety of navigation, maritime security, seafarers and the risk analysis methods involved in ensuring that sea lanes which form a pivotal vital link to the energy needs of the Gulf of Guinea are met
African countries depend heavily on seaborne trade as a primary means to get their goods into the supply chain
Summary
The dynamics of International trade has changed such that it is impossible for one country to be self sufficient in all its needs. According to the international Maritime Bureau (IMB), in 2011 the incidents of attempted piracy attacks were 439 in the Gulf of Guinea. The GoG has become a very attractive piracy zone and has managed to surpass the Gulf of Aden in acts of piracy This region is home to some oil producing countries churning out five billion barrels of oil daily. The GoG has become a very active piracy zone and has managed to surpass the Gulf of Aden in acts of piracy This region is home to some oil producing countries churning out five million barrels of oil day. According to the International Maritime Bureau (IMB), the coast of Nigeria recorded a high incidence of 29 attacks in 2013 This reduced to 13 in 2014 and 12 in 2015.
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