Ethiopian Logistics Operator ESL Eyes Fleet Growth in China Vessel Talks

July 6, 2026
By Mintesinot Nigussie

Ethiopian Shipping and Logistics (ESL) has advanced its maritime expansion programme with the deployment of a technical delegation to China, where discussions with potential suppliers are underway as the state-owned operator pushes ahead with a revised vessel procurement strategy, Capital Newspaper reported.

The mission, led by Chief Executive Officer Abdulber Shemsu, is focused on evaluating second-hand vessels in one of the world’s largest ship trading markets, as ESL seeks to align available tonnage with its updated operational specifications.

Government approval for the procurement plan preceded the China visit, with the Ministry of Finance authorising the acquisition process as part of efforts to strengthen Ethiopia’s maritime transport capacity and expand its role in international shipping, according to sources familiar with the matter.

ESL’s revised strategy separates procurement into two tracks, with second-hand vessels to be sourced through internationally recognised shipbrokers, while new vessels will be acquired directly from shipyards through a competitive tender process.

Under the updated fleet plan, the company intends to acquire two heavy-lift Ultramax multipurpose vessels, three second-hand Ultramax bulk carriers, and one medium-sized container ship, alongside its broader goal of expanding its fleet from ten to sixteen vessels over a five-year period. The container vessel is required to have a capacity between 3,000 and 5,000 TEUs and be no more than ten years old, while the bulk carriers must fall within a 60,000 to 65,000 deadweight tonnage range and be under eight years of age.

In parallel, ESL has introduced a structured procurement mechanism for newbuild vessels, requiring shipbuilders to first submit technical designs before advancing to a final tender stage. Construction timelines for the heavy-lift Ultramax multipurpose ships are expected to extend at least two years following contract award, while second-hand vessels are expected to be delivered sooner once suitable ships are identified.

The company currently operates ten international vessels, including the Ultramax bulk carrier Abay II, which was recently added to its fleet as part of ongoing capacity expansion.

China has been selected as a key location for the negotiations due to its central position in global shipbuilding and maritime trade, offering access to both new and pre-owned vessels that meet commercial shipping requirements.

Officials said the ongoing discussions are centred on assessing technical suitability, vessel availability and supplier options as ESL works to implement its revised acquisition programme and accelerate fleet modernisation.

Source: FSX Business News