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China stock analyst claims blackmail, libel Related Topics World » COTONOU | Thu Aug 11, 2011 4:37pm EDT COTONOU (Reuters) - A spike in pirate attacks off Benin has forced dozens of ships to steer clear of the West African state's waters, the head of the country's navy said of a trend that is likely to hit the its port-heavy tax revenues and hurt economic growth. The tiny nation has been hit by a series of attacks on ships in its waters in recent weeks, forcing London's maritime insurance market to add Benin to a list of areas deemed high risk. "Dozens of ships are already fleeing our shores due to fears of these pirates," Chief of Staff of the Navy Maxime Ahoyo said on Thursday without giving a precise figure. Ahoyo said ships in the country's waters were leaving while those due to enter them were also staying away. Benin, which exports cotton and is an entry port for land-locked countries such as Niger, Chad and Burkina Faso, collects about 100 billion CFA francs ($218 million), or some 40 percent of government receipts, from port activities each year. Joseph Ahahanzo, managing director of the port of Cotonou, which is managed by the Bollore Group, warned several weeks ago that 80-85 percent of customs duties were collected in the country's ports and business had already been hit. Piracy in the Gulf of Guinea, which stretches through a dozen countries from Guinea to Angola, is not comparable to the waters off Somalia, but analysts warn that it is set to increase unless countries beef up weak navies. Many of the attacks in the region have taken place off Nigeria, Benin's neighbor, but other countries such as Cameroon and Equatorial Guinea have also been affected. Benin's President Boni Yayi has called for a summit on the issue. (Reporting by Samuel Elijah; Writing by David Lewis) (This story has been corrected in paragraph 8 to show attacks have taken place off Nigeria, not Niger) World Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) 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