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West African pirates tap into 'liquid gold' riches

August 1st 2014
Maritime security analysts say the area of the attacks is spreading and a concerted, multi-pronged approach, including greater co-operation from Gulf of Guinea littoral states, is needed to defeat this new and dangerous style of piracy and destroy the criminals’ onshore infrastructure
Piracy off West Africa is nothing new. The area, especially in the Gulf of Guinea, has long had a notorious reputation for being the home of pirate gangs that frequently board ships to steal whatever they can — including crews taken ashore and held for ransom.

But a new and more dangerous type of piracy that emerged in late 2010 — when organised gangs began attacking tankers with the sole aim of stealing their high-value cargoes — has maritime security analysts worried.

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Source: tradewindsnews.com