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. The petroleum supplying agency of the country is now budgeting up to $6 million for demurrage every year. “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: News Business Ethiopia January 03, 2019 06:45 UTC