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
(YMO)-YMO, the Guinean fintech with global reach, abolishes all transfer and withdrawal fees to Guinea. A historic first for the remittance sector,...
The monthlong campaign will collect data from households and businesses. The initiative aims to improve access to financial services for vulnerable...
Subscriber base shrinks 4.4% amid taxes, regulations, and SIM rules Firm boosts investment in 5G, fintech, and regional digital platforms Sonatel,...
Zenith Bank Q3 pretax profit drops 8.4% to ₦917.4B on higher loan losses Net interest income up 50%; deposits and assets show continued growth Bank...
Most Read
01

Tunisia to launch first fully digital hospital as part of health reform. Project includes AI diag...

Tunisia to Build First Fully Digital Hospital in National Health Overhaul
02

Safaricom's M-Pesa integrated with Ethiopia's national payment network, EthSwitch, on October 27. ...

Safaricom Integrates M-Pesa Into Ethiopia's Payment Rail
03

Lukoil to sell all international assets to Gunvor amid U.S. sanctions Sale includes key oil stake...

Lukoil Agrees to Sell International Assets, African Included, to Swiss Commodities Trader Gunvor
04

ECCBC invests $77.6M to expand Morocco plant, boosting output by 40% New lines produce soft ...

Moroccan Bottler ECCBC Invests $77.6 Million to Grow Its Operations
05

Indian bottler VBL signs exclusive deal to test Carlsberg sales in Africa Move aims to diversify ...

Varun Beverages partners with Carlsberg to enter Africa’s beer market
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.