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INTERNATIONAL JOURNAL OF SCIENTIFIC DEVELOPMENT AND RESEARCH
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ISSN Approved Journal No: 2455-2631 | Impact factor: 8.15 | ESTD Year: 2016
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Paper Title: Evaluation of Maritime Security and Piracy in the Gulf of Guinea
Authors Name: Onyema Henry Kelechi , Omoke Victor , Anyanwu Julius Okechukwu , Kim Elkiakim Pwara
Unique Id: IJSDR2301171
Published In: Volume 8 Issue 1, January-2023
Abstract: This study evaluates maritime security and piracy in the Gulf of Guinea.To achieve the objectives of the study, secondary data were sourced from International Maritime Bureau, Ocean Beyond Piracy, world Bank and Fund for Peace from 2000-2019. The data collected were subjected to multiple regression analysis using statistical package for social science (SPSS V.22). The results shows (i) an increase in maritime piracy incidents (kidnapping for ransom) with 83.5%,coefficient of determination which is substantially high to affect the growth of maritime business in the Gulf of Guinea negatively (ii) an increase in the number maritime piracy incidents indicates a high Maritime security expenditure with a coefficient of determination (R2) of 89.6% indicating a significant decrease in the number of vessels calling at our ports (iii) as piracy incidence increases, failed state index, also increases (which averages between 65% to 95%) with R2 of 81.4% indicating a significant relationship. (iv) an increase in the number of ships attacked with an R2 of 79.8%, will lead to a significant decrease on the number of vessels calling at our ports (v) As productivity in the Gulf of Guinea increases, the economic cost of piracy also increases with a coefficient of determination (R2) of 76.8%. Based on these findings, from the test of hypothesis, there is a statistical, significant relationship between maritime piracy incidents, maritime security expenditure, failed state index, number of ships attacked and economic cost of piracy, the study concludes that, the effect of maritime insecurity in the Gulf of Guinea is substantial and significant.
Keywords: Maritime security, piracy, kidnapping, shipping, failed state index
Cite Article: "Evaluation of Maritime Security and Piracy in the Gulf of Guinea", International Journal of Science & Engineering Development Research (www.ijsdr.org), ISSN:2455-2631, Vol.8, Issue 1, page no.1075 - 1080, January-2023, Available :http://www.ijsdr.org/papers/IJSDR2301171.pdf
Downloads: 000336256
Publication Details: Published Paper ID: IJSDR2301171
Registration ID:203583
Published In: Volume 8 Issue 1, January-2023
DOI (Digital Object Identifier):
Page No: 1075 - 1080
Publisher: IJSDR | www.ijsdr.org
ISSN Number: 2455-2631

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