NATO extends counter-piracy mission until 2016

NATO Defense Ministers decided on 3rd June  to extend NATO’s counter-piracy operation Ocean Shield until the end of 2016. Since August 2009, NATO ships have patrolled the waters off the Horn of Africa as part of Operation Ocean Shield. Their mission is to contribute to international efforts to fight maritime piracy and to help build the capacity of regional navies. Ocean Shield helps to protect one of the world’s busiest shipping lanes. Some 90 percent of all global trade is carried by sea, about half of that passes through the Indian Ocean. According to the World Bank, Somali piracy pushes global trade costs up by billions of dollars per year.