UK heavily exposed to Nigerian piracy

New report reveals scope of problem.

UK economy heavily exposed to Nigerian piracy

By Gary Howard from London

A lack of security off the coast of Nigeria threatens seafarers as well as the UK economy, according to a UK Chamber of Shipping study.

Due to be published 10 July, the report shows that maritime crime in the Gulf of Guinea exposes almost all of the UK’s GBP6.3bn ($10.7bn) annual trade with the region to risks, including 12% of oil imported into the UK.

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Source: seatrade-global.com