July 20, 2010
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Ethiopian Shipping Lines to buy nine vessels

Reliable sources told The Reporter that a Chinese ship-building company has invited ESL to buy the nine vessels on an installment payment to be settled within ten to fifteen years. According to the sources, the company made the generous offer because of the economic downturn which had significantly reduced order for new ships. The construction of these ships were reportedly ordered by other shipping companies which declined to take them because of the global market turmoil.

July 20, 2010
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DP World Djibouti Rejects ESL Request for Dedicated Berth

Disagreement is brewing between officials in the marine sector in Ethiopia and Djibouti over the use of the Port of Djibouti, and whether or not Ethiopia’s flagship carrier should continue to pay security fees, reliable sources disclosed to Fortune.

July 20, 2010
0

Japan To Send New Destroyers To Somalia Anti-piracy Mission

Japan said Tuesday it would dispatch two destroyers to an anti- piracy mission off Somalia in July with expanded rules of engagement including scope for greater use of force.

July 20, 2010
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Kenya: Maritime Centre to Boost Security At Sea

The drive to improve security at sea received a major boost after Monday’s opening of a maritime centre of excellence in Mombasa. The centre, which is located at Bandari Training College and is the first of its kind in Africa, will provide training to both maritime officers and civilians on security at sea.

July 20, 2010
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Somalia: Government Warns Businessmen Against Using Closed Air and Sea Ports

The Somali government has warned Friday against businessmen of using airports and sea ports that the government announced they were blocked.

July 20, 2010
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Ethiopia: Indian Institute Conducts Training in Dry Port Management Here

The Indian Institute of Foreign Trade (IIFT) kicked off a training program on International business in Addis Ababa on Monday.

July 20, 2010
0

East Africa: United States Extends Friendly Hand to Region

The U.S. Navy, the U.S. Coast Guard and the National Oceanic and Atmospheric Administration, which have extended a helping hand to a number of West African countries in the past few years, are now reaching out to East Africa, too.

July 20, 2010
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Congestion at Djibouti Port Makes Transport Cost Hit the Roof

This is a season when a series of vessels loaded with tens of thousands of tons of aid cargo and fertilizer arrive at the Port of Djibouti all at the same time. This time around though, there are two additions to the cargo – a huge amount of cement and tens of thousand of wheat government has imported to stabilize domestic prices – contributing to what industry operators say is an already congested the port.

July 20, 2010
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Chinese car manufacturer to set up USD 10mln plant in Ethiopia

Lifan Group, one of the biggest privately-owned enterprises in China, will set up a vehicle assembly plant, the first of its type, in Ethiopia with an initial investment outlay of USD 10 million, Pan Juequan, chief representative of the company and project manager of the future establishment in Ethiopia told The Reporter.

July 20, 2010
0

Athletic Icon Makes Import Business Dash

In a diversification from his usual beating the ground business, the athletics idol, Haile Gebreselassie, has penetrated the import market through the distribution of vehicles and machineries.

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