Delegates attending the annual conference of International Union of Marine Insurance (IUMI) in London were told that “insurers, ship owners and cargo interests cannot equate piracy in West Africa to that seen off the coast of Somalia.”

Jim Mainstone, Marine Intelligence Specialist at Gray Page, said the gangs, which are operating in West Africa, “were more akin to organized criminal gangs than the opportunistic piracy gangs which have blighted the Gulf of Aden.”

Publication: Insurance Journal. Read article.