The Gulf of Guinea ranks as the piracy hotspot of the world, with more than 95% of vessel crewmembers kidnapped globally in 2020 in the area.
Insurance magnate-Allianz Global Corporate & Specialty SE’s (AGCS) – offered this data. The insurer revealed the information in the Safety & Shipping Review 2021.
As per the report, 49 huge vessels went missing in 2020 with total marine losses down 50% in 10 years. The total number of shipping incidents was 2,703, a decline year-on-year.
Though the marine...