Monday, October 26, 2026

Sierra Leone Launches Chinese-backed Shipping Company

 The Maritime Telegraph published on 26 October 2026 an article titled "Sierra Leone Launches Chinese-backed Shipping Company with 50-Vessel Target."

Sierra Leone has launched the new Sierra Leone Ocean Shipping Company in partnership with China's Zhejiang Xiehai Group, which holds a 70 percent stake in the joint venture.  The state-owned Sierra Leone National Shipping Agency owns the remaining 30 percent.  The company plans to build a fleet of 50 vessels.