Port Of Berbera News

Landlocked Ethiopia signed an initial agreement with Somalia's breakaway region of Somaliland on Monday to use its Red Sea port of Berbera, Prime Minister Abiy Ahmed's office said.The Horn of Africa country currently relies on neighbouring Djibouti for most of its maritime trade."This has been now agreed with our Somaliland brothers and an MoU (Memorandum of Understanding) has been signed today," Abiy said at the signing ceremony with Somaliland President Muse Bihi Abdi in the Ethiopian capital…

P&O Maritime Logistics (P&OML), the marine services arm of global port operator DP World, has taken delivery of a Sanmar Shipyards-built tug for the DP World managed Berbera Port on behalf of Somaliland Port Authority (SPA). The M JEEX (ex. Dogancay XXV) arrived Berbera Port under P&OML management and crew on September 10, 2020. The delivery follows a previous purchase from Sanmar, the EGAL (ex. Dogancay XXVI), delivered in the summer of 2018.Powered by a pair of Caterpillar 3212B diesel engines (two 1…

Dubai state-owned port operator DP World launched on Thursday a $101 million project to expand a port in the breakaway region of Somaliland.Somaliland broke away from Somalia in 1991 and has acted as a de-facto independent state since then but is not internationally recognized. The United Arab Emirate's Dubai government owns DP World.The port in Berbera exports camels to the Middle East and imports food and other items, but Somaliland hopes it will provide an alternative for neighboring Ethiopia - a landlocked country of 100 million which relies on Djibouti for its trade.On Thursday…

Dubai-based ports operator DP World has revealed plans to set up a logistics facility in landlocked Ethiopia, a move that comes as the company is developing a port in neighboring Somaliland. A reuters report quoting the United Arab Emirates state news agency, WAM said that the Sultan bin Sulayem, DP World Group's chairman & CEO and chairman of Ports, Customs and Free Zone Corporation informed the media that the logistics complex in Ethiopia to cater to the landlocked African countries. Business groups in Dubai can always benefit from DP World's presence in different countries, including Rwanda and Egypt, where re-exporting opportunities are abundant, bin Sulayem quoted as saying.

Somalia has banned Dubai ports operator DP World from operating in Somalia, saying that a contract that the company signed last year with the breakaway Somaliland region to develop an economic zone is null and void. It is unclear how Somalia's federal government could enforce the ban given Somaliland's semi-autonomous status. But parliament's unanimous passing of the resolution banning DP World from working in the country underscored growing rivalries in the strategic Horn of Africa region over the Dubai state-owned port operator's investments.

United Arab Emirates-based maritime conglomerate DP World has announced that Ethiopia will become a shareholder of the Port of Berbera in Somaliland, a crucial site for Middle Eastern trade, strategically located along the oil route. As the biggest shareholder of the port of Berbera, DP World announced that it would hold 51 percent stake of the project, the Somalis, 30 percent, and Ethiopia, the remaining 19 percent. The government of Ethiopia will also invest in infrastructure to develop the Berbera Corridor as a trade gateway for the inland country, which is one of the fastest growing countries in the world. There are also plans to construct an additional berth at the Port of Berbera…

DP World Group Chairman and CEO, Mr Sultan Ahmed Bin Sulayem has met the President of Somaliland, Mr Ahmed Mohamed Mahamoud, during a visit to the country following the signing of a term sheet agreement in Dubai earlier this month to invest in the multi-purpose Port of Berbera. Mr Bin Sulayem and senior executives from DP World were hosted in the Presidential Palace in the capital Hargeisa where they also met government ministers and officials including Foreign Minister, Dr Saad Ali Shire; Minister of Presidential Affairs, Mr Mahmoud Hashi; Minister of Finance, Ms Zam Zam Aden; Minister of National Planning and Development, Mr Ali Hussein Ismail and Minister of Trade and Investment, Mr Hussein Adan Igeh.

DP World has reached an agreement to manage the Berbera port in Somaliland, which would allow it to become a major hub for goods to transit to and from the Horn of Africa, the Wall Street Journal reported. DP World signed a US$442 million agreement with the government of Somaliland to develop and operate a regional trade and logistics hub at the Port of Berbera. Under the terms of the deal, the newspaper citing a person who has seen the document, Somaliland will grant the Dubai-based company the right to manage the Red Sea port of Berbera for 30 years. DP World is bullish on Africa and will expand further across the continent following a deal to create a new gateway in Somaliland, on its eastern coast.

Ethiopia is to start using the Port of Berbera of Somaliland this month on an agreement reached between the two countries on January 29, 2015, while the use of Port Sudan has started by the importation of 50,000tn of fertilizer. Ethiopia is distributes its cargo among neighboring countries’ ports as the country needs alternative ports aside that of Djibouti. Workeneh Gebeyehu, Minister for Transport, said, “Five to 10pc of the country’s imports are planned to come through the port of Berbera, and we will be looking for proper ports for different areas of the country.” “But the Port of Djibouti continues to be the major one,” he added. Ethiopia had expressed its dependence on Port Djibouti as a concern when it issued a one billion dollar sovereign bond in October 2014.