Archives



Freight News, Sea, Logistics


Shipping lines help to rebuild Somalia

[ February 8, 2013   //   ]

NYK has joined a shipping industry initiative, alongside Shell, BP, Maersk, Stena, MOL and K-Line, to help rebuild Somalia. The scheme will provide initial funding of US$1 million to the United Nations Development Programme (UNDP) in support of job creation and capacity building projects in the war-torn East African country from 2013. The hope is that, by making a contribution to the rebuilding of a stable Somalia, it will reduce the risk of piracy in the Indian Ocean.

The UNDP will focus on supporting long term youth employment to provide viable employment alternatives to piracy for Somalia’s youth in the agriculture, livestock, fishing and gum industries.

NYK and its partners plan to make further funding of US$1.5 million available later.

Tags: , , , , , , , ,