Ethiopian Shipping Lines secures over 641 mln Birr profit (45 mln Dollars)

(HornTrade) – Ethiopian Shipping Lines said, it secured over 641 million Birr in profit for the just concluded fiscal year. The company had surpassed its targeted profit of 415 million birr for the year, ENA, Ethiopia’s State-Owned news agency said.

The company has shipped more than 2.4 million tonnes of items in the reported period which surpassed the preceding year by 107 percent.

Ethiopian Shipping Lines uses Djibouti Port as its base ever since Ethiopia lost its access to the sea in 1991. Despite being a landlocked country, Ethiopia runs a successful shipping lines, unique in the region. Ethiopia has nine cargo vessels and another nine are on order from a Chinese company.

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