The Gulf of Guinea

Ghana’s Oil Industry In Desperate Needs Of Outside Investment

Credits: Johannes Plenio/ Pexels
  • West Africa as a whole saw bunker demand of about 2.6 million mt last year, according to data from Ship & Bunker, down only slightly from 2021’s level. 
  • Ghana’s own oil industry may need to see more investment from abroad before it itself can be a driver of more bunker demand for the country.
  • As it stands, the perceived lack of investment is not currently impacting the country’s local bunker market.

While Ghana remains well positioned to take advantage of a...

https://mfame.guru/ghanas-oil-industry-in-desperate-needs-of-outside-investment/

Naval Frigate Dispatched To Combat Piracy in GoG

  • The Danish frigate is to be deployed in the Gulf of Guinea to fight piracy.
  • The vessel will have the mandate needed to arrest pirates and seize weapons, the Ministry of Defense informs.
  • Prosecuting the pirates, however, is more problematic, assesses maritime researcher.

Denmark will send a naval vessel to West Africa’s Gulf of Guinea to aid the fight against rampant piracy, reports Bloomberg Quint.

The decision follows a call by A.P. Moller-Maersk A/S and shipping industry groups for a more...

https://mfame.guru/naval-frigate-dispatched-to-combat-piracy-in-gog/

Tensions Continue To Rise With The Deteriorating Security In The Gulf Of Guinea

The recent news headline said it all: “Pirates kidnap 15 Turkish sailors in attack on container ship” off the Nigerian coast in the Gulf of Guinea. A vast maritime zone of 2.3 million square kilometers and 5700 kilometers of coastline with considerable economic wealth, the Gulf of Guinea has recently been plagued by a succession of acts of piracy, making this maritime space one of the most dangerous and unstable in the world, reports Defence Web.

Declining security situation

While Europe and the...

https://mfame.guru/tensions-continue-to-rise-with-the-deteriorating-security-in-the-gulf-of-guinea/

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