News / Cargo imports tumble as Libya struggles to revive economy paralysed by violence

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Cargo imports into Libya have dropped by an estimated 75%, according to ship operators, in the wake of a troubled economy affected by months of low oil production and a wave of violence that has pushed the country to the brink of another civil war.

“The volumes from Italy have declined some 75% during the last three months, mostly due to closure of banks in Libya,” Loris Trevisan, chief executive of Italian shipping company Med Cross Lines, told The Loadstar.

This, he ...