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Companies Join UN Job Creation Program to Boost Economy, Combat Piracy in Somalia

Collaboration with Shell, BP, Maersk, Stena NYK, K Line, Mitsui OSK Lines Today, Shell, BP, Maersk, Stena and the Japanese shipping companies NYK, MOL and "K" Line have announced their joint collaboration with the United Nations Development Programme (UNDP) to support job creation and capacity building projects in Somalia.This collaboration between leaders in the shipping industry and UNDP is the first step in an initiative, launched in February 2012, to promote rebuilding of a stable Somalia and thus reduce the risk of piracy to seafarers in the Indian Ocean.The UNDP will support this effort, which will provide employment opportunities in local communities and contribute to the safety of merchant shipping in the region.The UNDP has a strong presence in coastal and city centers in Somalia and the objectives of the shipping industry partners are closely aligned with those of the UNDP's "Alternative Livelihoods to Piracy in Puntland and Central Regions" project.The UNDP will focus on supporting long-term youth employment with the aim of providing viable employment alternatives to piracy for Somalia's youth in the agriculture, livestock, and fishing industries. For example, this funding will support the creation of a business development center for local entrepreneurs. The funding will also help ...

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EU needs a new strategy to combat maritime piracy

Piracy is not only a maritime problem. It is also a humanitarian, trade and global one In a bid to move the EU away from its current piecemeal action against piracy, the European Economic and Social Committee (EESC) has put forward a comprehensive strategy to combat this scourge. The strategy was discussed by decision-makers and stakeholders at a hearing organised by the Committee."Piracy is not only a maritime problem. It is also a humanitarian, trade and global one, affecting consumers and taxpayers around the world," said Dr Anna Bredima (Greece, Vice-President of the EESC's Employers Group), rapporteur for the opinion.Piracy worldwide costs the staggering sum of USD 7-12 billion every year, with 18000 vessels sailing annually through piracy-infested waters. 3 million barrels of oil and half the world's container trade transit daily from areas of the Indian Ocean that are threatened by pirates.The EU, which controls 40% of world shipping, cannot afford any escalation of piracy, said the EESC. "If the wave of piracy goes unchecked, the whole supply chain of goods and energy risks being disrupted," said Stéphane Buffetaut, president of the EESC Section for Transport, Energy, Infrastructure and Information Society.This is why the EESC called on the EU ...

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