Piracy off Nigeria and other countries in West Africa's oil-rich Gulf of Guinea is on the rise, and the region is second only to the waters off Somalia for the risk of pirate attacks, which drives up shipping insurance costs. - File photo

 

LAGOS: A Nigerian naval ship freed an oil tanker on Wednesday that had been hijacked near its biggest city Lagos, the navy and the managers of the vessel said.

Pirates hijacked the Singapore-registered Abu Dhabi Star late on Tuesday, about 14 nautical miles from the entrance to Lagos port, the navy said, adding that crew members had hidden in a room on the ship.

The raiders escaped when they saw a Nigerian naval ship and naval helicopter approach, navy spokesman Commodore Kabir Aliyu said.

“There was no exchange of fire. All the crew members are safe,” he said. The rescued ship would anchor at Lagos harbour under naval protection pending an investigation, he added.

A security source said there were 22 Indian sailors on board.

Lieutenant Commander Jerry Osomara, the Nigerian navy's spokesman for Lagos, said it was not known if the fuel on board had been stolen.

“Definitely their intent was to steal the oil, but we don't yet know if they were successful,” he said.

Earlier, an official at security firm AKE suggested the tanker had been laden with fuel, and speculated the pirates may have planned to offload it into a waiting vessel and sell it on the region's illegal fuel market.

Piracy off Nigeria and other countries in West Africa's oil-rich Gulf of Guinea is on the rise, and the region is second only to the waters off Somalia for the risk of pirate attacks, which drives up shipping insurance costs.

Piracy nets huge sums for armed gangs in the region from stolen cargo, although unlike their Somali counterparts they rarely ask for ransoms, releasing crew as soon as they have looted a vessel.

The Abu Dhabi Star's management company, Dubai-based Pioneer Ship Management, confirmed the rescue.

“Pioneer Ship Management would like to thank the Nigerian Naval Authorities ... for responding so professionally to this criminal act and are thankful that all the seafarers are now safe,” it said in a statement.

A Greek-operated oil tanker seized off Togo at the end of last month was tracked down on Wednesday off the coast of Nigeria after pirates had abandoned it. AKE said some 3,000 tonnes of gas oil, worth about $3 million at market value, was stolen.

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Border clashes
19 May, 2024

Border clashes

THE Pakistan-Afghanistan frontier has witnessed another series of flare-ups, this time in the Kurram tribal district...
Penalising the dutiful
19 May, 2024

Penalising the dutiful

DOES the government feel no remorse in burdening honest citizens with the cost of its own ineptitude? With the ...
Students in Kyrgyzstan
Updated 19 May, 2024

Students in Kyrgyzstan

The govt ought to take a direct approach comprising convincing communication with the students and Kyrgyz authorities.
Ominous demands
Updated 18 May, 2024

Ominous demands

The federal government needs to boost its revenues to reduce future borrowing and pay back its existing debt.
Property leaks
18 May, 2024

Property leaks

THE leaked Dubai property data reported on by media organisations around the world earlier this week seems to have...
Heat warnings
18 May, 2024

Heat warnings

STARTING next week, the country must brace for brutal heatwaves. The NDMA warns of severe conditions with...