Ethiopian Freight Forwarders and Shipping Agents Association

EFFSAA Weekly Newsletter, Vol. 01, No. 026

EFFSAA Started Training on Negotiation and Contract Administration

EFFSAA Started Training on Negotiation and Contract Administration

 

Negotiation and Contract Management Training is being conducted by the Ethiopian Freight Forwarders and Shipping Agents Association (EFFSAA) at Sheraton Addis International Hotel starting from 12 February 2021. The training is structured only on Friday and Saturday on a half day basis and it will last till 20 February 2021. Objective of this training is enabling the participants to understand the general and specific terms and concepts of negotiation and contract agreement especially in the freight forwarding/ shipping business.

Participants of the training are those who are in management level actively engaged in negotiating and contracting with customers/ beneficiaries of their businesses. From a total of 28 participants 93% comes from members of the Association with free of tuition fee and 7% are from non-member organizations who are involved in logistics business with a minimal payment.

Tradepath International Plc, who is the member of EFFSAA has sponsored the program in platinum level sponsorship.

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Handing Over of Port Machinery was Conducted at Modjo.

The first round of port equipment was handed over the at the Ethiopian Trade Logistics Center (Mojo Green Logistics Center) project being implemented by the Ethiopian Maritime Affairs Authority.

“The machinery we have deployed will play a key role in this port operation and will be of great benefit in modernizing the terminal service and increasing its capacity by moving containers on trains and trucks” said W/ro Dagmawit. The Ethiopian Trade Logistics Project is of great benefit to Ethiopia as it will be implemented to upgrade the Modjo Dry Port into a logistics hub and to upgrade the country’s logistics service. Moreover, the construction of Modjo Logistics will contribute to the country’s economic growth by facilitating and modernizing the Ethio-Djibouti logistics corridor.
The project was conducted in collaboration with World Bank, Ethiopian Maritime Affairs Authority, Ethiopian Shipping and Logistics Service Enterprise and Modjo Town Administration.

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A Database of Roads Built Across the Country Has Been Unveiled

A database designed to simplify the content and overview of the roads that have been built and used in Ethiopia for centuries has been unveiled.
The Road Fund Office, in collaboration with Addis Ababa University and the Ministry of Transport, has been developing the Ethiopian Roads Network Information System for the past nine months made public.

The database contains information on the origin, destination, length, width, service life, number of bridges, the entity who administers the roads etc. said Bedlu Habte, an associate professor at Addis Ababa University Faculty of Technology.

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After Senegal, South Africa joins World Logistics Passport

The World Logistics Passport (WLP), a major policy initiative established to increase trading opportunities between emerging markets, announces South Africa, India, and Indonesia as members. They join Colombia, Senegal, Kazakhstan, Brazil, Uruguay and the UAE in a club of trading nations sharing expertise to smooth trade flows around the world.

The WLP creates opportunities for business across Africa, Asia, Central and South America to improve existing trading routes, and develop new ones, through the world’s first logistics loyalty program for freight forwarders and traders. It overcomes non-tariff trade barriers by fast-tracking cargo movement, reducing administrative costs, advancing cargo information and facilitating movement between ports and air.

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Seaspan Announces Newbuild Order for Two 24,000 TEU Containerships

Seaspan Announces Newbuild Order for Two 24,000 TEU Containerships

Seaspan Corporation (“Seaspan”), a wholly owned subsidiary of Atlas Corp. (“Atlas”) (NYSE:ATCO), announced that it has entered into an agreement with a major shipyard for two 24,000 TEU ultra-modern newbuild container ships (“the Vessels”) with anticipated deliveries beginning in the first half of 2023.

The two high-quality 24,000 TEU containerships will include industry-leading emissions reduction technologies. Upon completion, both conventional fuel vessels will enter 18-year charters with a leading global liner customer.

As of September 30, 2020, Seaspan’s global fleet consisted of 127 vessels and approximately 1,073,000 TEU, with total contracted revenue of approximately $4.1 billion, and a weighted average remaining lease period of approximately 4 years. Additionally, in December 2020, Seaspan announced an agreement for five newbuild 12,200 TEU vessels which, together with the two vessels announced, will add significant new capacity of 109,000 TEU to the fleet over the next two years. These vessels will bolster Seaspan’s core 9,000 to 15,000 TEU size category and add a new ultra-large offering.

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