“This Bloomberg report is inaccurate. There is NO contract between Eritrea and DP World to “upgrade, maintain Eritrean ports.” Eritrea is currently in discussions with a few potential partners.” – Gov’t official
Dubai based logistics operator, DP World, disclosed to Bloomberg that it is facilitating the replacement of important equipment in the port of Assab as per the request of the Eritrean gov’t. The Eritrean gov’t, however, rejects Bloomberg’s “contracting DP World to upgrade, maintain Eritrean ports” report as ‘inaccurate’.
If the Port of Assab fuel storage and unloading facility is in good condition Ethiopian Petroleum Supply Enterprise (EPSE) may import up to 30 percent of the total fuel import via Assab in 2019.
Following the landmark peace declaration between Ethiopia and Eritrea the Ethiopian Petroleum Supply Enterprise (EPSE) is looking at the Port of Assab for fuel import.
Eritrea and Russia have expanded their bilateral relationship with the announcement of trade and a planned ‘logistics hub’, most probably at Eritrea’s Assab port, where the UAE already built a huge naval base. If this ‘Logistics Hub’ went according to plan, it will be Russia’s official presence, along with China and the U.S., on this strategic Red Sea location.
Russia and Eritrea expanded their diplomatic relationship Friday when Moscow announced plans to build a logistics center at a port in the East African country.
Djibouti’s status as the sole seaport for landlocked Ethiopia is facing a formidable challenge from a resurgent Eritrea and a UAE backed Berbera port in Somaliland. (Photo: Massawa port, Eritrea)
Djibouti has invested heavily in making itself a hub for deep-sea shipping in the Horn of Africa, and much of its business depends upon its status as the sole seaport for landlocked Ethiopia. However, its port revenues could be challenged by the re-emergence of neighboring Eritrea that could soon regain access to global commerce. Continue reading Djibouti’s Seaport Could Face New Competition→
UAE’s Minister of State for International Cooperation, Ms. Reem Al Hashimy, today unveils her country’s plan to build a pipeline linking Eritrea’s port city of Assab with Addis Ababa.
“The port is equipped with the necessary facilities and skilled labor and is ready to restart its service for Ethiopia’s import-export commodities shortly.” – Layne Asfahaley, Head of Massawa Port Administration.
Eritrea has made ready the port of Massawa to serve Ethiopia’s import and export commodities, the head of Massawa Port Administration Mr. Layne Asfahaley told ENA.
Ethiopia’s absolute dependence on tiny Djibouti’s port service for over 18 years is now over. Time has come to save half of the $3 billion Ethiopia pays every year for an inferior port service.
