Joint Shipping Initiative funds anti-piracy program

The Joint Shipping Initiative has announced additional funds to a United Nations Development Programme (UNDP) project to improve the lives of Somalis and security for seafarers.
The Initiative – made up of Shell, 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 development grants.

Dr 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.
A lack of 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 Initiative.

Source: Baird Maritime