Oil and Money — This is not like back in the days of “Jack Sparrow”
(Hint it is one of Africa’s Most Corrupt Countries and is Home to Boko Haram)
It’s Tuesday morning, and Phillip Belcher pauses anxiously before opening an email. The subject line reads: “Vessel under attack at this moment.” He clicks through to the bleak description that notes a ship is under attack by a skiff, or small boat — and under fire. “Nobody attempted to board vessel yet,” the message continues, “but the crew is afraid that it may happen.” From Belcher’s office in central London, there is little he can do for those seamen besides hope for the best.
As marine director of the International Association of Independent Tanker Owners, which represents oil tankers from 40 countries, Belcher is getting used to receiving alerts about ongoing pirate attacks. But they don’t come from the famously pirate-friendly coast of war-torn Somalia. Instead, they’re increasingly being sent from the shores of Africa’s…
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