The state owned Ethiopian Shipping and Logistics Service Enterprise (ESLSE) has announced new marine freight-rate, effective July 1, 2013.

The new rate adjustment includes a 6 per cent discount on 20 feet containers and an 8 per cent decrease on 40 feet containers.

Chief Engineer Alemu Ambaye, the Enterprise's Shipping Sector Deputy Chief Executive, told journalist today that the adjustment was made mainly taking into consideration the current decline in international marine transportation rate.

ESLSE reviews its shipping rates every 3 month, according to Chief Eng. Alemu,

Source: Walta