Ethiopian Shipping Enterprise Receives Pair of Newbuid Vessels

The Ethiopian Shipping & Logistics Services Enterprise (ESLSE), the only company involved in sea freight activity in the country, recently received a pair of newbuild vessels, named “Assosa’’ and “Bahir Dar’’, from a Chinese shipbuilder, according to Ethiopian news portal Addis Fortune.

The two vessels are expected to enter into service within a month. Seven other vessels, ordered from another shipyard at the same time, will be delivered in 2013. The price of the contract for all nine ships was estimated at USD 300 million.

The two tanker ships have been ordered from CSC Jinling Shipyard and they are worth USD 74 million. The remaining seven 28,000tn multi-purpose ships, worth 32.5 million dollars apiece, will be built by Huanghai Shipbuilding Co.

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World Maritime News Staff, March 13, 2013; Image: ESLSE Facebook