Ethiopian Shipping and Logistics Services Enterprise Rules of Formation Made Public

The rules of formation for the Ethiopian Shipping and Logistics Services Enterprise were made public last week.  The set up capital for the enterprise was established at 3.7 billion birr.

The rules of formation show the enterprise to be a government development corporation as well as establishing the rights, responsibilities and regulations of the company.

The enterprise is expected to offer shipping services, stevedoring and shore handling services for import and export purposes, multi modal transport, dry port and warehousing, freight forwarding and clearing amongst other logistical services according to the rules of formation.

The ESLSE will also take part in port infrastructure development and administration as well as creating an institution for maritime related training.  

The rules of formation state the enterprise will aim to increase the national capacity in maritime and transit by carrying out studies of Ethiopia’s international trade.

Members of the board of ESLSE were nominated by the Rules of formation.

In related news the The Ethiopian Shipping Lines Share Company announced plans to open Multi Modal Transport service to the private sector.

Multi Modal transport offers the transportation of goods through different means of shipping (eg rail and road) under a single contract. The carrier is held liable for the whole trip across the various means under this system.

The Multi Modal system will be in effect for goods passing through Port Djibouti which accounts for 98% of Ethiopia’s imports and exports.

Source: The Reporter