Ethiopian Maritime Training Institute (EMTI), a subsidiary company of Ethiopian Shipping Lines (ESL) Share Company (S.C) is aiming to train Ethiopians in marine engineering and export to the international market in a partnership with YCF Group.
EMTI, formed a year ago as subsidiary of ESL has started offering training for seafarers who will be employed on ESL ships and in the international market.
Ambachew Abraha managing director of ESL who is known for his ambition to transform the institute into a world class endeavor has successfully achieved getting YCF’s partnership.
The two companies ESL and YCF have now agreed to jointly operate EMTI having 49 percent and 51 percent shares of the institute, respectively.
The institute has established its first academy at Bahir Dar University to graduate over 400 marine engineering officers each year. It also aspired to expand its presence into four other Ethiopian universities by developing academies to train and employ over 10,000 Ethiopians in the field within the next four years, Ambachew told the media on Wednesday September 22, 2010.
EMTI has already selected its initial 24 marine engineer cadets from Bahir Dar University. These cadets have successfully completed marine basic trainings and also participated on voyages abroad commercial vessels operated by renowned vessel owners including ZIM Integrated Shipping Services, he said.
Over the next six months EMTI will send these cadets for further study to Maritime Education and Training Administration an Israel based company, then the cadets will be provided career employment with international ship-owners, Ambachew said.
He further added: The institute will be another job opportunity for Ethiopians, moreover it will generate a significant amount of foreign currency to the country.”
YCF Group is an international investment firm that manages several investments across Africa, including the Liberian Ship Registry and telecommunication in West Africa.
The group has approximately 3,500 commercial vessels in its Liberian Ship Registry fleet and nine offices at the major shipping centers of the world.
“There is approximately 15,000 seafaring trained crew shortage in the world, and many companies in the business are now targeting Indian, Chinese and Philippine human resources to train them and recruit,” Yoram Chhen chairman of YCF Group said at the briefing.
The Chairman explained: “The African continent in general and Ethiopia in particular is ideal for us. The wealth of human resource makes the country a good candidate for training opportunities. ”
As a result of skilled labor shortage in the field, the current average USD 30,000 annual wage is projected to continue increasing, which is good for Ethiopians.
It means 250 million dollars annually to the Ethiopian economy through wage remittances, if the institute successfully trains and recruit 10,000 Ethiopians within the next couple of years, Yoram said.
Formerly ESL had to send its employees to Ghana for marine engineering trainings. This had cost the company up to 30,000 dollars per trained personnel. .

The African continent in general and Ethiopia in particular is ideal for us." why is that because Ethiopia is land locked country ?

Also one thing I want to know is the cadets are going to be trained in Tekeze dam ??? Dedebit woyanes are funny parasites

What is the intention of the weyane junta to immerse us in perpetual war with Eritrea? Mind you , they have many former naval forces in Djubuti still getting paid....

This is how I look at it.....

He can buy one of these.....


but there's not much he can do with it

What is the intention of the weyane junta to immerse us in perpetual war with Eritrea? Mind you , they have many former naval forces in Djubuti still getting paid....

Tazabi

I assume you use the word former naval forces to refer the x navals from Derg era. if so they are old men by now they are not fit to do any thing that is even if they exist

second to strike Eritrea by sea woyane need a war ship or some sort unless they (Dedebit monkeys) claim to walk on water like Jesus

third if they have intention to engage war with Eritreans its between Eritrea and Tigrai so the rest of Ethiopia will leave them to settle their score and It is obvious what will be the out come

This could be psychological warfare against Shabia and Ethiopians. Woyanes are sending the message to Shabians that they will attack Asab soon and therefore are making preparations and for the Ethiopians they are giving the false hope of ending Ethiopia's landlocked status that was caused by Woyanes themselves 19 years ago.

This could be psychological warfare against Shabia and Ethiopians. Woyanes are sending the message to Shabians that they will attack Asab soon and therefore are making preparations and for the Ethiopians they are giving the false hope of ending Ethiopia's landlocked status that was caused by Woyanes themselves 19 years ago.

Yes you are correct woyane doesn't have an army so all it could do from this point on is wage a psychological war hiding behind glass cages like a cowardly genius.

I do not understand why the Woyanne regime is paying for this expensive educational endeavor while we have no seaport? Sometimes people are too dumb to realize they are dumb, till someone points out to them that they are. What makes this dumb orgy is the students are taking program they are not going to be employed in.

WOYANNES ARE BUNCH OF DUMB!!!

I do not understand why the Woyanne regime is paying for this expensive educational endeavor while we have no seaport? Sometimes people are too dumb to realize they are dumb, till someone points out to them that they are. What makes this dumb orgy is the students are taking program they are not going to be employed in.

WOYANNES ARE BUNCH OF DUMB!!!

Did you just find out they are DUMP??

Well, I never knew they have gone kuku. One thing I am having difficulties of understanding is there are students attending that program, and they are thousands graduating with skills they cannot employ.

I do not understand why the Woyanne regime is paying for this expensive educational endeavor while we have no seaport? Sometimes people are too dumb to realize they are dumb, till someone points out to them that they are. What makes this dumb orgy is the students are taking program they are not going to be employed in.

WOYANNES ARE BUNCH OF DUMB!!!

Did you just find out they are DUMP??