“K” Line, Shell, BP, Maersk, Stena, NYK and MOL are jointly collaborating with the United Nations Development Programme to support capacity-building projects and job creation in Somalia.
The industry partners will provide $1 million to the UNDP, which will oversee the distribution of the funds in 2013 and 2014. They also intend to fund an additional $1.5 million.
The collaboration between the shipping industry and UNDP is the first step in the initiative, which was launched in February 2012. It is designed to make a contribution to the rebuilding of a stable Somalia, thus reducing the risk of piracy to seafarers in the Indian Ocean.