The Ethiopian Shipping and Logistics Service Enterprise (ESLSE) plans to replace its two fuel-carrying vessels with a larger cargo vessel that has over 60 tons of carrying capacity. However, it has been leasing out the fuel carrying vessels. The board approved its plan and once finalized, Ethiopia will not have a fuel carrying vessels. The Enterprise’s nine cargo carrying vessels have modest capacities ranging between 25 and 28 tons. After reaching 3.7 billion birr in paid up capital six years ago, the Enterprise surpassed its subscribed capital of 20 billion birr last year.

Source: Ethiopian News July 02, 2022 14:12 UTC