Image: Port of Berbera Authority
Ethiopia
is to start using the Port of Berbera of Somaliland this month on an
agreement reached between the two countries on January 29, 2015, while
the use of Port Sudan has started by the importation of 50,000tn of
fertilizer.
Ethiopia is distributes its cargo among neighboring countries’
ports as the country needs alternative ports aside that of Djibouti.
Workeneh Gebeyehu, Minister for Transport, said, “Five to 10pc of the
country’s imports are planned to come through the port of Berbera, and
we will be looking for proper ports for different areas of the country.”
“But the Port of Djibouti continues to be the major one,” he added.
Ethiopia had expressed its dependence on Port Djibouti as a concern
when it issued a one billion dollar sovereign bond in October 2014. The
move towards issuing the bond came after Ethiopia got a ranking of B+
by foreign rating companies namely, Moody’s, S&P and Fitch.
It seems that the effort to reverse the full dependence of the
country on Djibouti by finding alternative ports is bearing fruit.
“Five to 10pc of the country’s imports are planned to come through
the port of Berbera, and we will be looking for proper ports for
different areas of the country,” said Workineh Gebeyehu, minister of
Transport when reporting his office’s six months’ performance to the
Parliament. “But the Port of Djibouti continues to be the major one.”
The Ethiopian Shipping & Logistics Services Enterprise (ESLSE),
which has 15 ships out of which two are for oil, has finished dealing
with an agent in the Berbera Port and one of its ships will be deploying
20 to 30 containers to the port this month.
Source: marinelink.com
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