Ethiopian Freight Forwarders and Shipping Agents Association

EFFSAA Weekly Newsletter, Vol. 02, No. 073

EFFSAA-EMA Meeting

Ethiopian Freight Forwarders and Shipping Agents Association (EFFSAA) and Ethiopian Maritime Authority (EMA) had their official meeting for the first time after former Director General Ato Mekonnen Aberra was replaced by the Yehualashet Jemere (Eng.)

Under the leadership of the former DG, both institutes signed Memorandum of Agreement to collaborate on areas that have mutual interest.

On the meeting which was held on Friday 15th of April 2022, various issues were raised. To mention few, cargo canal software, certificate of competency, information exchange, revision of MoU terms, capacity building etc were focus of the meeting.

A meeting which was chaired by the newly appointed Director General of the Authority, Yehualashet Jemere (Eng.) Yabibal Addis, Deputy DG of the Authority, Yalew Tesfaye, Logistics Cooperation and Monitoring Directorate Director, Tesfaye Chalchisa, Planning Director and Ewnetu Taye Deputy DG of Logistics Transformation Office (LTO) were participants from the Authority. Whereas, Elizabeth Getahun, President of the Association, Sielesh Kassie and Anteneh Alemu members of the Board of Directors, Birtukan Haregewoin and Hanna Tadesse from the secretariat office of the Association were part of the meeting on behalf of EFFSAA.

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ESLSE Soars Container Deposit by Seven Folds.

Ethiopian Shipping and Logistics Service Enterprise (ESLSE) announced the increment of container deposit amount by 700% which makes it Birr 200,000.00 for one 40 feet container. The enterprise disclosed amounts for the regular 20 feet, 40 feet and high cube containers and special containers like Open Top (OT), Flat Rack (FR), Reefer and Out of Gauge (OOG) containers.

Customers have complained that the company’s increase in the price of container guarantees is too exorbitant, leading importers to undue need for cash.

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Are We Facing the End of a Pandemic-Driven Shipping Boom?

Are We Facing the End of a Pandemic-Driven Shipping Boom?

For the past two years, it has been a roller coaster ride in the ocean freight business. After the early-pandemic slowdown in 2020, demand soared in 2021, resulting in massive profits for ocean carriers.

But we may be nearing the end of the late-pandemic boom. As consumers return to reopened bars and restaurants, spending in the developed nations is gradually shifting back to services. Government stimulus packages are on the wane, and inflation is cutting into purchasing power. All of these factors point to less demand for imported goods.

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