Financial sums lost through ransoms are a small share of the total costs suffered by African nations in the world’s maritime piracy hotspot.
The remaining crew on the MV Bonita notified local authorities, and the vessel docked at the port city of Cotonou, following the incident.
The deal has made local fishermen vulnerable to poverty as Chinese fishing companies are likely to outcompete them and also trigger another round of piracy in the Gulf of Aden.
Indonesian chief security minister says that they do not want to become ‘new Somalia' because of piracy on shipping route along its sea border
Private Turkish vessel has been seized by Nigerian pirates, but tanker's crew is in good health, says Turkey's ambassador to Nigeria
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