MSC signs on to save to Kenya National Shipping Line

Mediterranean Shipping Company (MSC) yesterday signed a deal in front of Kenya’s president to revive one of Africa’s most famous shipping lines.

President Uhuru Kenyatta was on hand yesterday to witness the signing of a Memorandum of Understanding (MoU) between the Ministry of Transport and Infrastructure and MSC to revive Kenya National Shipping Line.

The line has been struggling for many years and has been close to insolvent.

“The recovery strategy proposed, among other things, is giving the company the sole mandate to handle government cargo,” a statement from the cabinet earlier this week stated.

Speaking during the signing ceremony in Nairobi yesterday, President Kenyatta said: “We are very keen to revive the shipping line. And we are confident that we can run the shipping line again.”

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
Back to top button