The Gulf of Guinea, the Increase of Maritime Piracy Is a Wake-up Call to Chinese Economics

... of Guinea every year. Most recently, pirate attacks have been on the rise in the region, and the number of hostages and the ransom amounts demanded have kept increasing. In particular, since the start of the year at least 32 attacks off the coast of Nigeria were recorded, which is losing about $1.5bn a month due to piracy, armed robbery at sea, smuggling, and fuel supply fraud. According to the U.S. Deputy Representative to the United Nations, Michele J. Sison, “[...] the absence of an effective maritime governance system, in particular, hampers freedom of ...