The Club has received the following update on Piracy in the Gulf of Guinea from its correspondents in the area. “In the Gulf of Guinea, we would remind you that the pirates' zone of action now spreads from the Cameroonian Peninsula up to the Ivory Coast. Incidents of piracy (petroleum cargo theft, hijacking of vessels, kidnapping of crew) have dramatically increased over the last few months in this area. This modus operandi is a very different method to that used by the Somali pirates who demand a ransom for the release of the vessels that they capture. This increasing insecurity has forced local authorities to react. The Ministers of Defence…