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. .