Somalia Counter-piracy Initiative Wins Cash

Press Release
Wednesday, May 8, 2013

Somalia wins extra cash, military aid, at the recent London donor summit.

Britain will help boost radio communications on the Somali coast to combat piracy that the World Bank has estimated costs the world economy $18 billion despite the dramatic drop in incidents so far this year, reports Reuters.

At the end of the London summit Britain committed around 180 million pounds ($279 million), including funding for a planned doubling of the police force, and the United States donated $40 million on top of the $1.5 billion it has given since 2009.

Source: Reuters

 

Categories: Finance Legal Maritime Security

Related Stories

Inch Cape Offshore Wind Farm O&M Base Starts Taking Shape in Scotland

World Shipping Council Concerned About Dangerous Goods Handling

NGOs Again Urge EU to Stop Unweaned Calf Transport by Sea

Current News

OPCSA Orders Eight Hybrid Konecranes RTG Cranes

Adani Group Refuses Sanctioned Vessels at its Ports

Inch Cape Offshore Wind Farm O&M Base Starts Taking Shape in Scotland

Number of Transits Through Panama Canal Edged Down in August

Subscribe for Maritime Logistics Professional E‑News