Sunday, March 1, 2026

ESL concludes the swap process of the two tankers with ‘ultramax’

The Ethiopian Shipping and Logistics (ESL) concluded the swap process of the two tankers with ‘ultramax’ dry bulk carrier, a midsize vessel.

According to Wondwossen Kassa (Cap), Deputy CEO of ESL, the process of swapping the tankers with biggest ever vessel with the capacity of over 63,000 DWT is completed.

The vessel named MV Abbay II is currency at Shanghai, China and ESL crew has already taken over the management to embark the operation with some adjustments like radio communication, trading and class certification.

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