CMA CGM and Marsa Maroc Sign Joint Venture Agreement for Nador West Med Terminal
CMA CGM and Marsa Maroc Sign Joint Venture Agreement for Nador West Med Terminal
CMA CGM has signed a joint venture agreement with port terminal management company Marsa Maroc to equip and operate a container yard at the Nador West Med terminal. The joint venture will equip and operate a 35-hectare container yard comprising 50 percent of the Nador West Med container terminal and a 750-meter quay with a maximum depth of 18 meters. CMA CGM and Marsa Maroc will hold 49 percent and 51 percent stakes, respectively.
\nFrench shipping company CMA CGM is already active in Morocco through Eurogate Tangiers and Casablanca container ports (via SOMAPORT). Through this strategic and operational partnership, it is expanding its position as a major participant in the country's supply chain. The two companies aim to invest a total of $280 million under a 25-year concession to achieve annual terminal throughput of 1.2 million TEU.
\nThe terminal will have the capacity to handle large container vessels with a maximum draft of 18 meters. The number of existing ship-to-shore cranes will be increased from six to eight, and the number of electric rubber-tyred gantry cranes will rise from 15 to 24. Nador West Med Port is strategically positioned in the Strait of Gibraltar region within Betoya Bay in the Oued Kert estuary, complementing CMA CGM's terminals in the Western Mediterranean region.
\nRodolphe Saadé, Chairman and CEO of CMA CGM Group, said: "Morocco is positioned as a strategic logistics and port hub with strong growth potential. Our partnership with Marsa Maroc represents an important step for CMA CGM Group and strengthens our presence through the Nador West Med container terminal. Our aim is to support the country's development, particularly in future-oriented sectors such as logistics and alternative energies."
\nKey Points:
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Joint Venture Agreement: CMA CGM and Marsa Maroc have formed a partnership to equip and operate a container yard at Nador West Med terminal.
\n Investment and Capacity: The two companies aim to invest a total of $280 million to reach an annual capacity of 1.2 million TEU.
\n Equipment Expansion: The number of ship-to-shore cranes at the terminal will increase from six to eight, and electric rubber-tyred gantry cranes will rise from 15 to 24.
\n Strategic Location: Nador West Med Port is strategically positioned to support CMA CGM's Western Mediterranean operations.
\n CMA CGM's Presence in Morocco: The company is strengthening its position in Morocco through operations at Eurogate Tangiers and Casablanca ports.
\n Objective: To contribute to the country's development in the logistics and alternative energy sectors.
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News Link: https://www.porttechnology.org/news/cma-cgm-buys-into-moroccan-container-terminal/
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