The move by the Joint War Committee reflects additional attacks and threatening behaviour off the West African country.
Togo joins Nigeria, Benin and parts of the Gulf of Guinea as areas of higher risk listed by the Joint War Committee, an organisation that links underwriters in the Lloyd’s London company market.
The piracy threat in West Africa has been increasing as attacks by Somali pirates have decreased.
Most attacks off West Africa are however aimed at stealing cargoes and valuables from ships and crew rather than hijacking a vessel for ransom.
West African governments are planning a meeting to see if they can come up with a joint response to the growing piracy threat.
The Joint War Committee has meanwhile taken Georgia, Balikpapan in Borneo and the North Eastern coast of Sumatera off the list of areas where additional premiums are charged so they revert to being covered under the regular annual war risks cover bought by most shipowners.
