Morocco’s top port operator, Marsa Maroc, said it will operate terminal 1 and 5 in Cotonou’s port after winning an international tender issued by the company in charge of cargo handling, Société Béninoise des Manutentions Portuaires (SOBEMAP). Marsa Maroc saw its shares in the Casablanca stock exchange surge following the announcement which marks the first expansion by the port operator outside Morocco. The operator said it will sign an agreement with SOBEMAP to start operations as soon as possible within the set deadlines. Marsa Maroc operates nine Moroccan ports including Tanger Med 1 terminal. It has signed in June a 25-year agreement to operate a 3.4 million TEU terminal at the Nador West Med Port.

Source: The North Africa Journal July 18, 2024 01:55 UTC