Algeria loses $1.2 b annually in renting cargo ships

Algeria loses annually $ 1.2 billion, in expenses of renting cargo ships, which are used to bring food and other products that are imported from various countries of the world, and spent during the current year and during the first eight months the double of what it spent during 2007 and 2008, enabling foreign traders, who rent their ships to Algeria, and who represent 98%, from benefiting of the situation.

According to the information, available to Echorouk, the costs of maritime transport for the year 2007 reached 3548 billion centimes, which is the equivalent of $441.6 million, while in the year 2008 they reached $ 5711 billion centimes, equivalent of $ 710 million, in 2009 (7398 billion centimes equivalent $920 million), and continued to rise to reach 10,103 billion centimes, equivalent of $ 1.25 billion in 2010.

in 2011 costs of maritime transport reached 8857 billion centimes, equivalent $ 1.1 billion in 2011, and in 2012 it increased significantly compared to other previous years, and this during the first six months, reaching 6361 billion centimes, equivalent to $ 791 million, which exceeds its costs during both 2007 and 2008, as the overall cost of shipping between 2007 and mid 2012 reached $5.52 billion, an amount that is sufficient to rebuild a new flozt of ships for importing goods, and would have cost the equivalent ogf 208 large-sized ships, with the world market price which is currently estimated at $ 25 million per vessel.

According to available data of the international market, $ 900 million could allow the acquisition of 15 new large ships for transporting goods or more than 50 ships that were used, which can allow, within five years, the acquisition of 75 new ships or 400 others that were used, while it allows providing more than 12 thousand jobs in the event of re-launching the achievement and maintenance companies that are specialized in manufacturing ships.