ALGERIA’S NATIONAL SHIPPIG LINE RECEIVES LATEST SHIP

CNAN receives new cargo ship

ALGIERS, -- Algeria's National Shipping Company, CNAN, has received the latest addition to its cargo fleet, a 12,000-ton vessel, under it programme to strengthen the national merchant shipping fleet.

Costing 25 million US dollars, this new cargo ship, named "Tinziren", is equipped with modern technologies and the latest engine generation, CNAN officials said at a reception ceremony at Algiers Port attended by Transport Minister Boudjemaa Talai.

Tinziren is the eighth ship received by CNAN as part of a fleet expansion programme which involves the purchase of 25 vessels --18 for the CNAN Nord subsidiary and seven for the CNAN Med subsidiary.

"The sector seeks to ensure the transport of Algerian goods via the national fleet," the minister stressed, stating that the yearly cost of maritime transport of Algerian goods has reached 16 billion US dollars a year.

In this regard, he highlighted his Ministry's target of raising the share of cargo carried by the national merchant fleet to 30 per cent by 2020.

Public-private partnerships may be launched to create new companies in order to strengthen the national fleet, he affirmed.

Talai also raised the issue of high cost of logistics in Algeria compared with foreign countries where it reached only 5.0 per cent of overall costs compared with 30 per cent in Algeria.

Source: Nam News Network