Kenya SGR reeling from no-show shipping lines
Posted: 16 Mar 2020, 06:31
Mombasa port, SGR reeling from no-show shipping lines
In Summary
- So far, the port has received cancellation notice of 37 ships that were scheduled to call this month, while the fate of 104 others remains uncertain.
- Kenya is a regional transportation hub, serving as an entry point for imports into regional landlocked countries such as Uganda, Rwanda, South Sudan, Burundi and DRC, slowdown in port activity is bound to be felt across the borders.
- With the reported case of Covid-19 in the country, Kenya might fail to meet its revenue target forcing it to seek alternative funds to repay the loan...