CMA CGM and Marsa Maroc Join Forces to Transform Nador West Med Terminal in Morocco
Key Ideas
- CMA CGM and Marsa Maroc have formed a joint venture to operate and enhance the Nador West Med container terminal in Morocco for the next 25 years.
- The joint venture aims to manage 50% of the terminal, investing $280 million for upgrades, including additional cranes and capacity to accommodate large container ships.
- With a strategic location in Morocco and plans for green hydrogen production, the port will also serve as a hub for new synthetic energies, aligning with CMA CGM's commitment to sustainable practices.
- This partnership reinforces Morocco's position in global trade and logistics, with CMA CGM's long-standing presence in the country and plans for further development in the region.
CMA CGM, a global leader in shipping and logistics, has partnered with Marsa Maroc, the national leader in port terminal management, to establish a joint venture for the Nador West Med container terminal in Morocco. The agreement allows them to equip and operate a significant part of the terminal over the next 25 years. With CMA CGM holding a 49% stake and Marsa Maroc retaining 51%, the joint venture will manage 50% of the terminal, including a 750-meter quay and 35 hectares of container yard. The terminal is set to undergo enhancements to accommodate the world's largest container ships, with an investment of $280 million planned. These upgrades include adding transhipment cranes and expanding electric rubber-tired gantry cranes. The partnership aims for an annual output of 1.2 million TEUs. The strategic location of the Nador West Med port in Morocco's Gibraltar zone positions it well for growth in the green hydrogen production sector. Plans include using the port as a maritime bunkering hub for new synthetic energies like e-methane and e-methanol, supporting sustainable practices. This collaboration signifies a key step in reinforcing CMA CGM's presence in the region and supporting Morocco's development in logistics and alternative energy sectors. CMA CGM has been an essential part of Morocco's supply chain for decades, with a network of maritime services and comprehensive logistics offerings. The joint venture further solidifies CMA CGM's commitment to enhancing Morocco's role in global trade and logistics.
Topics
Production
Infrastructure
Investment
Partnership
Alternative Energy
Shipping
Logistics
Strategic Collaboration
Port Terminal
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