He indicated that the petroleum supplying state enterprise of the country (Ethiopian Petroleum Supply Enterprise) has been giving different excuses not to use those ships. Using big ships for importing oil in a situation there is no oil depot at the port is costly. “Our ships can also serve as floating storage saving the extra cost the oil supplying agency is now spending. Currently, Ethiopia, which is among the few countries left with a national shipping lines, has 11 active ships. Recently the government has decided to sell minority share of Ethiopian Shipping and Logistics Services Enterprise for foreign companies.

Source: Ethiopian News January 04, 2019 13:30 UTC