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COSCO Shipping launches new direct service to Libya's Misrata Free Zone
via Libya Herald1 min read
The Misrata Free Zone MFZ announced on Thursday, April 30, the introduction of a new direct shipping service by China's COSCO Shipping Company, which is ranked fourth globally. This new connection with Chinese ports is expected to reduce transit times, lower costs, and improve supply chains. The announcement coincided with the first official visit of Ma Xueliang, Ambassador of China to Libya, to the MFZ. During his visit, Ambassador Xueliang met with MFZ Chairman Mohsen Al-Sagoutri to discuss strengthening economic and investment cooperation. Al-Sagoutri briefed the Ambassador on MFZ's operational capabilities and its attractive environment for economic and investment activities, emphasizing its strategic location as a link between Africa and the world, making it an ideal destination for Chinese companies and investors. The Ambassador also toured MFZ's facilities to observe its activities, business environment, and services. MFZ stated that this visit is part of its efforts to expand international partnerships and enhance its role as a logistics and investment hub connecting regional and international markets.
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This summary was AI-generated from a story originally published by Libya Herald.
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