The administration of Ismael Omar Guelleh in Djibouti has plans to build what will be the largest ship maintenance yard for East Africa and on the Red Sea corridor at a projected cost of 400 million dollars. Yet, experts in charge of developing the project have to choose the site for the project . . . →
Continue reading Djibouti Aspires to Build Largest Ship Maintenance Yard for Region
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The Ethiopian Shipping Lines (ESL) registered a net profit of 661.5 million Br exceeding its projection for the 2010/11 fiscal year by nine per cent. During the last quarter of the 2009/10 fiscal year alone, it made an unprecedented profit of 641.3 million Br, which is 154pc of its projection for that . . . →
Continue reading Ethiopian Shipping Lines Nets 661m Br Aboubaker Omar Hadi returns to Djibouti to govern the authorities In an unexpected move, the government of Djibouti has announced on July 2, 2011, the appointment of a former senior manager of the Port of Djibouti to head both the ports as well as freezones authorities of Djibouti. Aboubaker Omar Hadi, former . . . →
Continue reading Djibouti Appoints New Chair to Port, Freezone Authorities Djibouti Port’s Authority (PAID) is said to have requested an annulment of the 20-year management contract it has with DPWorld. The first notice that was sent to DPWorld indicates that the contract will be terminated by May 2011, but following discussions with the two parties, the date has been extended to June 1st, according . . . →
Continue reading Djibouti Port may divorce DPWorld Prime Minister Meles Zenawi said the government has been exploring ways to secure alternative seaports for the nation. Responding to questions forwarded by members of parliament on Thursday, Meles said Ethiopia is considering the use of Tajoura port in addition to the port of Djibouti. . . . →
Continue reading Ethiopia considers use of alternative seaports |
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