Wednesday, October 16, 2024

Djibouti Port facility completes $70 mln expansion, enhancing Transshipment capability

The Djibouti port facility has recently completed its expansion worth USD 70 million. The purpose of this expansion is to meet the growing demand in the region and enhance transshipment capabilities. As a result, Ethiopian customers will have the opportunity to enjoy lower rates for their shipments.

Today, January 22, President Ismail Omar Guelleh of Djibouti attended the opening ceremony of the extensive extension of the Doraleh Container Terminal (SGTD) in Doraleh, Djibouti. Thanks to this recent development, the port is now capable of accommodating the largest container ships, including the Malaccamax vessel. The project has added four additional high capacity gantry cranes, increasing the number of cranes by 50%. Furthermore, the stacking yard has been expanded, resulting in a 20% increase in capacity.

Apart from facilitating Ethiopian import-export operations, the objective of this new development is for Djibouti to become a major player in the transshipment industry. Abdillahi Adaweh Sigad, the CEO of SGTD, stated to Capital that the expansion will not only boost transshipment revenue but also offer various benefits to Ethiopian clients. Berisso Amallo, the CEO of Ethiopian Shipping and Logistics (ESL), expressed his satisfaction with the expansion, highlighting that ESL can now bring vessels of any size to the Djibouti port.

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