The first Ethiopian Commercial Ship dock on Eritrean port of Massawa today morning, after 20 years, a report from Ethiopian Broadcasting Corporate.
The ship, called “Mekelle” will carry 11,000 tonnes of Eritrea’s Zinc to China with a fee of US$618,825. The length and beam of the general cargo ship are 166m by 27m. The vessel was built in 2013.
Ethiopia will earn 616, 825 dollars revenue from the first commercial shipping, according to Ethiopian Shipping & Logistics Services Enterprise.
By expanding its trade routes Ethiopia can transport up to 30,000-ton commodities from Massawa and earn 850,00 dollars in a month, the Enterprise confirmed.
The beginning of the commercial shipping from Eritrea will strengthen the relation of the two countries, Roba Meggerssa, told EBC.
Following the agreement signed between the two countries, the enterprise will work to link the cross trade to bring foreign currency.
Ethiopian Shipping & Logistics Services Enterprise said that the ship would dock tomorrow morning. However, a source told EP, the vessel will arrive tonight from Saudi Arabia September 4, at 23:00 hours.
Ethiopia has 12 cargo and two container ships built with loans from the Chinese government. All the ships are named after the capital cities of Ethiopia’s regional states.
Formerly known as Ethiopian Shipping Lines S.C. which later changed its name to Ethiopian Shipping & Logistics Services Enterprise in 2011, was established in 1964 with two shareholders (the government 49% and a US firm 51%, which the government later bought back the 51% of the shares).
About 90 pc of Ethiopia’s commodity were transported through Djibouti port, after the peace and agreement between the Ethiopia and Eritrea the two nations signed agreements to normalize relations.
On his way back home from the FOCAC Summit in Beijing., Prime minister Abiy Ahmed arrived at Assab Airport this morning on a stop-over, two-day, visit to Eritrea.
During his visit to Eritrea Abiy Ahmed (PhD) has visited the 70-kilometer road from Assab to Ethiopia border, according to Fana broadcasting report.