Public Management

Benin’s govt introduces new royalties to control maritime piracy

Benin’s govt introduces new royalties to control maritime piracy
Monday, 03 August 2020 19:19

On 28 July 2020, the Director-General of the Port Authority of Cotonou (PAC), Joris Albert Thys (pictured), signed a note announcing the introduction of new fees as part of actions against maritime piracy, following a recent ministerial decree dated 13 July.

According to this note addressed to shipping agents and consignees, the amount of the new fees varies, depending on whether the ships concerned have their armed security teams on board or not.

When a ship has no armed security team on board, elements of the Beninese armed forces will be placed at their disposal against payment of CFA350,000 for vessels less than 100 m long and CFA450,000 for vessels over 100 m long. Upon departure from the quay or harbor, escort by the armed guard will also be charged at CFA360,000.

“These new fees, like any port of call fees, must be paid before the ships dock. They are taken into account in the advances on a port of call accounts to be paid by the consignees,” the PAC states.

By January 2020, the platform had already taken 10 measures to strengthen the protection of ships in harbor against acts of piracy. But despite these measures, acts of piracy are still being recorded at the port. Most recently, on 17 July, the oil tanker MT Curacao Trader was boarded off the coast of Benin, and 13 Russian and Ukrainian seamen were kidnapped. This is the eighth of such incident since the beginning of 2020.

Romuald Ngueyap

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
EU, EBRD launch €26.5 million financing facility in Côte d’Ivoire Program targets SMEs with loans, co-financing and technical support Initiative...
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, interoperable real-time payments All financial...
Okoumé Capital licensed as fund manager by regional regulator Approval enables expansion across Central African financial markets Firm aims to boost...
GIMAC, Visa sign deal to modernize CEMAC payments ecosystem Partnership targets digital payments, interoperability and financial inclusion Move...
Most Read
01

A $147M Novastar Ventures fund backed by major Japanese firms offers co-investment rights int...

Mitsubishi, Toyota Buy Options on Africa's Next Startups
02

ECOWAS and IMF sign cooperation framework to strengthen policy alignment West Africa’s grow...

ECOWAS and IMF Set New Framework to Align Policies Across West Africa
03

West African Development Bank plans CFA6,500 billion ($11.5 billion) in financing for 2026–2030. ...

BOAD Targets $11.5 Billion Investment in WAEMU by 2030 Under New ‘Djoliba’ Plan
04

Coca-Cola will invest $1.03 billion in South Africa by 2030 to expand capacity and distributi...

Coca-Cola Plans $1 Billion Investment in South Africa After Nigeria Push
05

West African Development Bank allocates $131.8 million to support cotton sectors in Burkina F...

BOAD Commits $131.8 Million to Cotton Sector in Burkina Faso and Mali
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.