(3 Minutes Read)
CMA CGM has announced plans to take on a third port venture in Morocco, one of Africa’s fastest-growing container destinations. CMA CGM has signed with Moroccan port and terminal operator Marsa Maroc to operate half of the new east terminal at Nador West Med Port, a facility in the country’s far northeast that will have a 1.2m teu capacity when fully equipped.
Through this joint venture with Marsa Maroc, the CMA CGM Group will equip and operate for 25 years a 750-meter section of the quay and 35 hectares within the Nador West Med container terminal. This joint venture, in which CMA CGM and Marsa Maroc will hold 49% and 51% respectively, will equip and operate 50% of the Nador West Med container terminal, i.e. 35 hectares of container yard and 750 meters of quay with a maximum draught of 18 meters.
With four container terminals now in operation at the almost fully built-out Tanger Med port, today the largest container terminal in the Med, Morocco is trying to replicate Tanger’s success story with Nador West Med port as a second West Med hub some 250 km east. CMA CGM already has terminal interests at Eurogate Tanger and Somaport in Casablanca.
Read Also:
https://trendsnafrica.com/oecd-signs-agreement-with-morocco-to-speed-up-economic-progress/
Established in Morocco in 1983, the CMA CGM Group connects the country to the rest of the world. Morocco is of strategic importance, notably because of its dynamism and its role as a crossroads for trade between Europe, Africa, and the Mediterranean Basin.
With its expertise and 1,300 employees in Morocco, the CMA CGM Group has become a leader in maritime transport and logistics, with 31 maritime services operating out of the three main Moroccan ports (Agadir, Casablanca, Tanger Med) and serving 81 ports directly from Morocco. The Group offers its customers in Morocco end-to-end supply chain services via its subsidiary CEVA Logistics.
Through its subsidiary Terminal Link, the CMA CGM Group owns 100% of a Casablanca terminal (via SOMAPORT), as well as 40% of the Eurogate Tangiers terminal. With La Méridionale, CMA CGM also operates a ferry service between Marseille and Tanger-Med.
