Mediterranean Shipping Co (MSC) has joined rival CMA CGM in investing in a new terminal at one of Africa’s fastest-growing container destinations, Morocco.
Marsa Maroc Port has signed with MSC’s Terminal Investment Limited (TiL), giving the Swiss liner a 50% minority stake, less one share, in a terminal at Nador West Med.
Last October, CMA CGM signed on to take the other half of the new development, a facility in the far northeast of the country that will have a 1.2m teu capacity when fully equipped.
“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,” commented analysts at Alphaliner.
The port also plans to accommodate another smaller container terminal later.