By João Afonso Fialho, José Miguel Oliveira and Miguel Soares Branco

Mozambique has been seen as a promising market for the shipping industry for years.

Despite the current economic backdrop, the fact that (1) the government has recently announced its intention to restore debt sustainability, (2) the World Bank has shown its willingness to provide indicative funding of US$1.7 billion to diversify the economy, and (3) the LNG project in the Rovuma basin, namely in the coral fi eld, is likely to fi nally begin, have contributed to restore the country’s credibility and to attract foreign direct investment…