Port of Long Beach on Track to Smash Cargo Record in 2024
The Port of Long Beach is poised to shatter its annual cargo record in 2024, projecting 9.6 million TEUs (Twenty-foot Equivalent Units) by year’s end. This achievement would eclipse the...
by Dawit Endeshaw (Reuters) 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, Addis Ababa.
The MoU pave the way to allowing Ethiopia to have commercial marine operations in the region by giving it access to a leased military base on the Red Sea, Abiy’s National Security Adviser Redwan Hussien said.
Somaliland would in return get a share of state-owned Ethiopian Airlines, he said, without providing further details.
Somaliland has not gained widespread international recognition despite declaring autonomy from Somalia in 1991. Somalia says Somaliland is part of its territory.
Somalia’s SONNA state media agency reported last week that following mediation efforts led by Djibouti, Somalia and Somaliland had agreed to resume talks aimed at resolving their disputes.
(Reporting by Dawit Endeshaw in Addis Ababa, additional reporting by Abdi Sheikh in Mogadishu, Writing by Bhargav Acharya; Editing by Andrew Heavens, Reuters)
(c) Copyright Thomson Reuters 2024.
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