Eurogate, Contship Enter JV with Marsa Maroc for Moroccan Terminal

container-Illustration. Image Courtesy: Pixabay under CC0 Creative Commons license

Terminal operators Eurogate International GmbH and Contship Italia SpA have decided to become shareholders of Marsa International Tangier Terminals SA (MINTT), a subsidiary of Moroccan port operator Marsa Maroc.

On March 15, 2019, Germany’s Eurogate and Italy’s Contship signed a joint venture agreement for their entry in the share capital of MINTT.

MINTT is a concession holder company for the design, financing, construction, operation and maintenance of the container terminal 3 of the Port of Tanger Med extension.

The terminal has a nominal capacity of 1.5 million TEU and is expected to be commissioned mid of 2020.

The new transaction, reported to the Competition Council, was cleared on January 31, 2019. The finalization of this operation is subject to the completion of the share capital increase, according to Marsa Maroc.

Founded on December 2006 following port reform, Marsa Maroc operates ten ports in Morocco. The company provides port logistics services within its concession area.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

CrewConnect Global 2019

CrewConnect Global is the leading forum for collaboration to advance new industry approaches to seafarer recruitment and training.

read more >

CruiseConnect Global 2019

Attend CrewConnect Global and stay on for the CruiseConnect Summit to take part in an industry-wide conversation focused…

read more >

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >