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[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 8 sources · 6 days · First seen · Last updated

Sierra Leone-China maritime joint venture

Overview

Sierra Leone has launched the Sierra Leone Ocean Shipping Company (SLOSCo) in Freetown through a joint venture with China’s Zhejiang Xiehai Group. Under the agreement, the Chinese partner holds a 70% stake, while the Sierra Leone National Shipping Agency retains 30%.

The initiative aims to increase the nation’s participation in international maritime trade and reduce reliance on foreign carriers for the export and import of goods, including minerals, agricultural products, and petroleum. The company plans to develop a fleet of 50 vessels, starting with an initial phase of 30 ships. To support the venture, the Chinese partner will provide access to its existing fleet of 37 vessels, primarily bulk carriers.

Entities

Julius Maada Bio · Zhejiang Xiehai Group · Sierra Leone National Shipping Agency · China · SLOSCO

Timeline

  1. [BUSINESS] 3 sources
    Sierra Leone launches SLOSCO shipping venture with China

    Sierra Leone has partnered with China’s Zhejiang Xiehai Group to launch SLOSCO, a national shipping company aiming to operate up to 50 vessels for regional and international trade.

  2. [BUSINESS] 5 sources
    Sierra Leone launches national shipping company SLOSCo

    Sierra Leone has launched SLOSCo, a joint venture with China's Zhejiang Xiehai Group, to establish a national shipping fleet and increase the country's role in maritime trade.

Sources

afrikactus.com · chrissacca.com · ecofinagency.com · owlpress-sl.com · portsetcorridors.com · uneca.org · voeazul.com.br · voiceofsalonenewspaper.com