Sierra Leone launches Chinese-backed national shipping company

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Sierra Leone has launched a national shipping company, SLOSCO, backed by China’s Zhejiang Xiehai Group. The company aims to build a fleet of 50 vessels and increase Sierra Leone’s share of international cargo trade.

Sierra Leone has launched a new national shipping company backed by China’s Zhejiang Xiehai Group, with ambitions to develop a fleet of 50 vessels and capture a greater share of the country’s international cargo trade. President Julius Maada Bio inaugurated Sierra Leone Ocean Shipping Company (SLOSCO) at Queen Elizabeth II Quay in Freetown earlier this …