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Sierra Leone launches China-backed national shipping company SLOSCO
Sierra Leone has inaugurated the Sierra Leone Ocean Shipping Company (SLOSCO), backed by China's Zhejiang Xiehai Group, targeting a fleet of 50 vessels and a larger share of the country's international cargo trade.
President Julius Maada Bio inaugurated the Sierra Leone Ocean Shipping Company (SLOSCO) at Queen Elizabeth II Quay in Freetown. The new national carrier is backed by China's Zhejiang Xiehai Group.
The stated ambitions are to build a fleet of 50 vessels and to capture a greater share of Sierra Leone's international cargo trade.
The supplied report did not specify a timeline, investment figures or further details of the company's operating model.
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