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Ethiopia: MetEC Planning to Sell Ships Aquired from ESLSE

metecEthiopia's Metal and Engineering Corporation (MetEC) is planning to sell the two vessels, ‘Abay Wonz’ and ‘Abyot’, it acquired last year from the Ethiopian Shipping and Logistics Service Enterprise (ESLSE).

Initially, MetEC planned to use the ships to transport its own cargo before using them as scrap metal, however, the corporation changed its plans after experts confirmed that the vessels are still operable, Brigadier General Kinfe Dagnew, Director General of MetEC, told Capital.

 

“Now we are planning to sell the vessels after repairing them,” he said.

Kinfe said that the corporation has sent the two vessels to Dubai, UAE for repair works.

“Repair on one of the two vessels have already been completed,” the general said.

MeTEC, is involved in a several mega government projects. The corporation is also in the process of relocating manufacturing plants it bought from Asia countries, according to Capital.

Source: Capital