The Ethiopian Shipping and Logistics Services Enterprise, the fully state-owned company, has earned more than 117 billion Birr gross revenue over the past nine months.
A third-quarter performance review meeting for the organization’s fiscal year has been conducted. During the occasion, the CEO of the Ethiopian Shipping and Logistics Services Enterprise, Abdulber Shemsu (Eng.), stated that the company’s operational service volume reached 5.3 million tons over the past nine months.
He noted that the results were achieved through the use of technology in deployment and monitoring operations, the expansion of cross-border shipping trade activities, and the implementation of cost-reduction strategies.
Meanwhile, Sintayehu H/Mariam, Head of Planning and Monitoring, stated that efforts have been made to increase revenue and improve fast and accessible service delivery by enhancing the loading capacity of ships and cargo vehicles.
He also indicated that strengthening technology-supported systems has been one of the key focus areas carried out over the nine months of the fiscal year.
Ethiopian Shipping and Logistics is a merger of four enterprises which were working independently in the sea transport sector. These were Ethiopian Shipping Lines Share Company, Ethiopian Maritime and Transit Service Enterprise, Dry Port Enterprise; and the former Comet Transport Share Company which was consolidated in to the new company, August, 2016.
