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 ESLSE cargo ship atPort of Djibouti | |
| Company type | Subsidiary |
|---|---|
| Industry | Transport |
| Founded | 21 March 1964; 61 years ago (1964-03-21) |
| Headquarters | Addis Ababa;Port of Djibouti |
Area served | Red Sea,Mediterranean,Far East, theGulf states andIndian subcontinent |
Key people | Roba Megersa (CEO) Mekonen Abera (General Manager) |
| Services | Sea freight Cross trade Port and terminal services Warehousing Container terminal services Multimodal transport Stevedore and shore-handling Human resources development and training |
| Revenue | 57 billion birr (2024) |
| 46.8 billion birr[1] (2024) | |
| Owner | Ethiopian Investment Holdings |
| Website | www |
TheEthiopian Shipping and Logistics Services Enterprise (ESLSE), known commercially as theEthiopian Shipping Lines, is the national cargoshippingcompany ofEthiopia. Established in 1964, it has continued to operate despite Ethiopia having become alandlocked country in 1993; its main base is now thePort of Djibouti andBerbera inSomaliland. Ethiopian Shipping and Logistics Services Enterprise is a subsidiary ofEthiopian Investment Holdings (EIH), thesovereign wealth fund of Ethiopia.[2][3]
Ethiopia regained a coastline on the Red Sea whenEritrea was federated with Ethiopia in 1952. However, it was not until 1965 that the Ethiopian Shipping Lines was established as a joint venture with the American companyTowers Perrin. A Dutch company was contracted to manage the line along the lines of the then-ongoing arrangement withTWA to manage the flag carrier airlineEthiopian Airlines.
Operations commenced in 1966 with three ships calledQueen of Sheba,Lion of Judah andLalibela. The Line quickly faced serious challenges when theSuez Canal was closed in 1967. Until Suez Canal was opened again, the vessels had to go all aroundthe Cape. The size of the ships was not appropriate for such long voyages, and the company ran into a loss. Since then, the ESL has focused mainly on domestic import and export, to promote foreign trade. It has generally been profitable.[4]
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