Private navy could battle Somali pirates

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A British entrepreneur is proposing the creation of a private navy to protect the $12 billion shipping industry from modern-day pirates operating off the Somali coast.

Dubbed “Typhon” by Anthony Sharp, chairman of mining commodities giant Glencore, the private fleet will escort ships together with a mother ship and armed guards in RIBs patrolling around.

"The Typhon force will be the first of its kind for probably 200 years and will protect private shipowners' assets at sea,” Sharp says in a promotional video. “Somali piracy has grown from entrepreneurial Somalis taking advantage of the closeness of shipping to their shores and their complete lack of coast guards to a fully-fledged criminal activity."

Click here for the full report by The Telegraph.