Pirates Board a Supertanker Off Nigeria, Kidnap 19 Crew Members
(Bloomberg) -- Pirates boarded a fully loaded supertanker off the coast of Nigeria, an act that is sure to ring alarm bells for insurers about the risk of collecting oil from Africa's biggest producer.
Nineteen crew were kidnapped and remain missing, a spokeswoman for Navios, the ship's owner said by phone Wednesday. The incident happened late Tuesday about 77 nautical miles from Bonny Island, a key loading point for Nigerian crude. The vessel had only recently collected its cargo.
The waters of the Gulf of Guinea have suffered from sporadic incidents of piracy for a few years, but an attack on a supertanker is a rare event. Nigeria suffered a spate of militancy that crippled its oil industry in 2016, but it rarely strayed into shipping.
Out of 95 attacks worldwide where hijackers boarded the vessel in the first nine months of 2019, 17 took place in Nigerian waters, according to data from the International Maritime Bureau, a piracy watchdog. As a region, the Gulf of Guinea accounts for for almost 82% of the crew kidnappings globally.
The crew that didn't get kidnapped were able to sail the vessel to a safe location, the Navios spokeswoman said, adding that the company's priority is the safe return of those who are missing.
The vessel, the Nave Constellation, can carry 2 million barrels of oil. It was full when it was hijacked and there was no damage.
To contact the reporter on this story: Olivia Konotey-Ahulu in London at okonoteyahul@bloomberg.net
To contact the editors responsible for this story: Alaric Nightingale at anightingal1@bloomberg.net, Rakteem Katakey
©2019 Bloomberg L.P.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
-
Why Amazon And Flipkart Are Struggling To Beat Meesho In India's Smaller Cities
With 274 million users and lowest-cost logistics, Meesho is defending its value commerce crown against giants like Amazon and Flipkart.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.