Ethiopian Shipping and Logistics (ESL), the continent’s lone deep sea vessel operator, welcomes the current agreement between Ethiopia and Somaliland to provide a sea outlet on a leasing basis.
Berisso Amallo, CEO of ESL, stated that the arrangement will benefit his company’s operations because the country will have a port.
When we operate on own port and terminal we will have massive reduction on operational cost,” he went on to say.
He also stated that the company is preparing to carry out a project on the new territory that Ethiopia would secure in Somaliland, and that “we are also working to increase owned vessel and errect facility in the area.”
