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-412-<br />

A characteristic common to all four ports is that they were<br />

financed by foreign sources. <strong>The</strong> Free Port of Monrovia was<br />

financed by Lend-Lease funds (1948), .the Port of Harper by a<br />

loan from the U.S. Export-Import Bank (1958/59), the Port of<br />

Buchanan was constructed and financed by LAMCO (1963), and the<br />

Port of Greenville was started by the German-owned African Fruit<br />

Company and completed with funds provided by the Federal Republic<br />

of Germany (1964). <strong>The</strong> Port of Robertsport, in Grand Cape Mount<br />

County, has not yet been developed but if L.I.S.C.O. were to<br />

start its operations this might change.<br />

<strong>The</strong> change which the Liberian water transport sector underwent<br />

during the past forty years is shown by Annex 37 and 38. Annex 37<br />

shows the situation during the Second World War (1941, 1942 and<br />

1943) and prior to the construction of the Monrovia Free Port.<br />

Liberia's major port was then Marshall, which owed this position<br />

to the operations of the Firestone Plantations Company. This<br />

company used Marshall as the closest outlet for the produce of<br />

its plantation. About 70 per cent of all port traffic in these<br />

years was handled through Marshall. Most traffic volume was<br />

handled by U.S. owned and registered ships which corresponds with<br />

the Firestone dominated international trade of these three years.<br />

Whereas in 1941, 84 out of 120 vessels which called on Liberian<br />

ports were U.S. vessels, the following year 51 out of 83 were<br />

U.S. vessels. In 1943 the number of ships calling on a Liberian<br />

port had dropped further to 63, of which 49 vessels were either<br />

U.S. owned or registered (32).<br />

<strong>The</strong> post-war period witnessed the emergence of Monrovia as<br />

Liberia's most important port. During the 195O's this trend<br />

continued and at the end of that decade the Free Port of Monrovia<br />

handled all trade in iron ore and in petroleum products, and<br />

about 90 per cent of the general cargo. With the construction of<br />

the Port of Buchanan by LAMCO this situation changed. At the end<br />

of the 1960's Buchanan even handled a larger volume of iron ore<br />

than Monrovia (see Annex 38). <strong>The</strong> end of the 196O's also<br />

witnessed the growing importance of the port of Greenville<br />

notably as regards the export of logs. In 1967 hardly any logs<br />

were exported from this port but the following year more than<br />

31,000 tons were reportedly exported. This had been made possible<br />

by the opening up of the interior through the completion of the<br />

road between Tchlen and Greenville (33).<br />

At the end of the 1970's the Ports of Monrovia and of Buchanan<br />

were used by the four iron ore mining concessionaires and handled<br />

all iron ore exported from Liberia. Each port handled about 50<br />

per cent of these exports whereas the Port of Buchanan was only<br />

used by LAMCO. Both ports are deep-water ports and are used by<br />

ocean-going vessels, unlike the ports of Greenville and Harper<br />

which are mostly used by coastal vessels. Only Greenville is<br />

occasionally used by - small - ocean freighters. As can be seen<br />

in Annex 38 most of Liberia's international trade is handled in<br />

the Ports of Monrovia and of Buchanan. It is worth mentioning<br />

that the latter is almost exclusively used to satisfy the needs<br />

of LAMCO and its expatriate employees. In the early 1970's it<br />

was reported that the commercial cargo for consignees other than

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