KENYA SIGNS PACT TO ESTABLISH OWN SHIPPING LINE Kenya has signed an agreement with British and German interests to establish a shipping line that will handle 40 pct of the country's external trade, sources close to the deal said. The state-owned Kenya Ports Authority, KPA, signed an agreement with the Hamburg-based shipping line Unimar Seetransport to establish the Kenya National Shipping line, with an initial capital of 100 mln shillings, sources said. KPA will hold 70 pct of the shares in the new company. The line will initially charter vessels to operate services between Mombasa and the main ports of industrial Europe, but may eventually build or buy its own ships. The sources said it would aim to carry a large part of Kenya's coffee and tea exports and oil and fertiliser imports.