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

On April 25, 2016, was held by the UN Security Council an open debate on the theme “Peace consolidation in West Africa: piracy and armed robbery at sea in the Gulf of Guinea.” During the debate, the China’s Permanent Representative to the United Nations, Liu Jieyi stated that the Gulf of Guinea has fallen victim to frequent ... ... 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....