Nairobi decides to revive Kenya National Shipping Line

Nairobi decides to revive Kenya National Shipping Line

The Kenyan government has approved the revival of state-owned Kenya National Shipping Line (KNSL). As part of the planned restructuring the line’s three foreign shareholders, who include MSC, will be jettisoned and the company will go it alone, handling government cargo as well as vying for private business.

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 stated.

Reports in the Kenyan media suggest PIL, Maersk and MSC had all earlier sought to take control of the line.

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.

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