Shipping Initiative has announced additional funds to a United Nations
Development Programme (UNDP) project to improve the lives of Somalis and
security for seafarers.
BP, Maersk, Stena and Japanese shipping companies NYK, MOL and “K”
Line – earmarked US$1.5 million of additional funds to a the UNDP’s
“Alternative Livelihoods to Piracy in Puntland and Central Regions of
Somalia” project, which aims to reduce piracy off the coast of East Africa
through local economic development, job creation, training, and business
Grahaeme Henderson, Vice President of Shell Shipping and Maritime, said
development projects that provide an alternative livelihood to would-be pirates
were a vital element of the long-term solution to piracy.
jobs and legitimate business opportunities for young people helps Somali pirate
leaders to attract recruits for attacks on merchant shipping that cost the
international community billions of dollars a year, said the Joint Shipping