Ethiopian Freight Forwarders and Shipping Agents Association

EFFSAA Weekly Newsletter Vol. 03 No. 107

Training on Blockchain Technology

Training on Blockchain Technology
Training on Blockchain Technology

A training program entitled โ€œ๐—จ๐—ป๐—น๐—ผ๐—ฐ๐—ธ๐—ถ๐—ป๐—ด ๐˜๐—ต๐—ฒ ๐—ฃ๐—ผ๐˜๐—ฒ๐—ป๐˜๐—ถ๐—ฎ๐—น ๐—ผ๐—ณ ๐—•๐—น๐—ผ๐—ฐ๐—ธ ๐—–๐—ต๐—ฎ๐—ถ๐—ป ๐—ง๐—ฒ๐—ฐ๐—ต๐—ป๐—ผ๐—น๐—ผ๐—ด๐˜†: ๐—ฅ๐—ฒ๐˜ƒ๐—ผ๐—น๐˜‚๐˜๐—ถ๐—ผ๐—ป๐—ถ๐˜‡๐—ถ๐—ป๐—ด ๐—ฆ๐˜‚๐—ฝ๐—ฝ๐—น๐˜† ๐—–๐—ต๐—ฎ๐—ถ๐—ป ๐—ฎ๐—ป๐—ฑ ๐—Ÿ๐—ผ๐—ด๐—ถ๐˜€๐˜๐—ถ๐—ฐ๐˜€ ๐— ๐—ฎ๐—ป๐—ฎ๐—ด๐—ฒ๐—บ๐—ฒ๐—ป๐˜โ€ took place at EFFSAAโ€™s training hall, on 24 May 2024.

A collaborative effort between our association, GIZ, PTGR, SEQUA, and ELSA brings together our members, banking experts and IT professionals for an insightful exploration of block chain technologyโ€™s impact on supply chain and logistics management.

The training featured an experienced instructor, DR. Pan Theo Grosse-Ruyken, Founder and CEO of PTGR AG, who came all the way from Switzerland for this important session. He is professor and instructor at several Swiss Universities, since 2014.

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Ethiopia, Yapi Merkezi arbitration hearing begins in London

Ethiopia Yapi Merkezi arbitration hearing begins in London
Ethiopia Yapi Merkezi arbitration hearing begins in London

Turkish contractor seeks compensation for conflict-struck railway project

Proceedings over a legal wrangling between the Ethiopian government and a Turkish contractor over an ill-fated railway project have begun in the London Court of Arbitration, sources disclosed to The Reporter.

The first hearing in the case involving the state-owned Ethiopian Railway Corporation and Yapi Merkezi, a Turkish contractor, took place earlier this month, according to reliable sources.

It centers around the 392-kilometer Awash-Woldiya-Hara Gebeya railway project kicked off in 2015 with USD 1.7 billion in financing from the state-owned Turk Exim Bank. Systra MD, a French firm, was awarded the contract for consulting on the project, while Yapi Merkezi was in charge of the construction work.

The railway project, which would connect central and northern Ethiopia, features 10 substations, a dozen 10-kilometer long tunnels, more than 50 bridges, eight power stations, a dozen radio stations, and one primary workshop center, according to the website of the state-owned Ethiopian Railway Corporation (ERC).

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Djibouti Ports Corridor Road Urges Caution Ahead of Anticipated Weather Challenges in Horn of Africa

Transporters are advised to exercise caution in the upcoming months due to anticipated weather conditions in the Horn of Africa, as forecasted by the Djibouti Ports Corridor Road (DPCR).

The Djiboutian highway management enterprise referred to the IGAD weather prediction, which anticipates above-average rainfall in Djibouti, the major port outlet for Ethiopian cargos, from June to September.

According to DPCR, established in 2017 to design, develop, maintain, and finance highways linking Djibouti ports to neighboring nations, road users should exercise extreme caution. They advised people to โ€œstay up to date on the latest forecasts, avoid flooded areas, and equip their vehicles for wet weather.โ€

Climate change has caused Djibouti to experience unexpected and uncommon weather conditions in recent years, interfering with truck operations and impacting the road network.

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Ethiopian Cargo and Liege Airport Celebrate 17-Year Partnership with Renewed Commitment to Growth.

Ethiopian Cargo and Liege Airport Celebrate 17-Year Partnership with Renewed Commitment to Growth
Ethiopian Cargo and Liege Airport Celebrate 17-Year Partnership with Renewed Commitment to Growth

Ethiopian Cargo and Logistics Services and Liege Airport marked their 17-year partnership with a renewed commitment to enhance freighter operations and strengthen their strategic alliance. This collaboration has been pivotal in positioning Liege Airport as a leading cargo hub in Europe.

In 2023, Ethiopian Cargo transported around 160,000 tonnes of cargo from Liege, facilitating efficient and reliable goods transportation between Europe, Africa, and beyond.

Ethiopian Cargoโ€™s extensive network and operational capabilities, combined with Liege Airportโ€™s modern infrastructure and efficient processes, have resulted in a highly effective and reliable cargo hub.

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Container Rates on the Rise Again

Container Rates on the Rise Again
Container Rates on the Rise Again

Container shipping rates are on the rise once more. In its latest weekly report, shipbroker Xclusiv said that โ€œcontainer shipping rates are soaring, nearing record highs from the pandemic era as the Baltic FBX index is at USD 3,408 / TEU, closing down to the January 2020 levels and 150% higher than the last week of 2023. This ratesโ€™ surge is due to a limited supply of containers caused by rerouting around the Red Sea and healthy demand in multiple regions. The busy season has started early, pushing rates on major east-west routes to their highest levels since September 2022. This boom is affecting nearly all routes, including those to Latin America, Africa, and within Asiaโ€.

According to the shipbroker, โ€œthese facts resemble the situation in 2021/2022, where a sudden demand surge led to a restricted fleet, box shortages, congestion, and record-high spot rates. This year, the shift in trade patterns has limited the available fleet, causing a shortage of containers.

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Singapore Port Congestion Mounts as Ships Divert from Red Sea

Singapore Port Congestion Mounts as Ships Divert from Red Sea
Singapore Port Congestion Mounts as Ships Divert from Red Sea

Major carriers have repeatedly warned of the impact the Red Sea diversions are having on their services. In a report from Hong Kong-based market intelligence firm Linerlytica, they warn the diversions are causing the resurgence of port congestion while warning the situation is likely to get worse in the coming month.

Analysts have warned of the extra transit times as vessels are forced to divert around South Africa on their normal Asia to Europe runs. Now with the Houthi threatening further distance, including into the Indian Ocean, carriers have been warned to ensure that their vessels increase the diversions meaning even longer distances and greater travel times.

Linerlytica paints a picture of inter-related issues causing the latest congestion. According to their analysis, Southeast Asia is the worst bottleneck accounting for more than a quarter (26 percent) of congestion while North-Eastern Asia is close behind at 23 percent.

Singapore, however, they believe is the current epicenter of the backlogs. Linerlytica calculates that there are up to 450,000 TEU in the queue for shipping. They warn that vessels are now having to wait up to seven days for a berth at Singapore, versus normal conditions where at most a vessel had a half-day wait for a berth.

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