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International Cooperation Department
Tel.: (+86-21) 65853850-8034
Fax: (+86-21) 65373125
E-mail: ICDept@sisi-smu.org
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International Shipping |
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| Hapag-Lloyd acquires stake in Tangier terminal as strategic container hub |
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Date:2019-12-09 Readers:
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GERMAN shipping giant Hapag-Lloyd has purchased of a 10 per cent stake in Container Terminal 3 (TC3) of
the Tangier Med 2 as part of its intensification of African activity.
Hapag-Lloyd feels that the port on the
southern coastline of the Strait of Gibraltar is a strategic hub for
global container traffic, reports Hellenic Shipping News Worldwide.
Hapag-Lloyd's minority stake in the TC3 terminal will now help to link
the attractive African markets and the entire Mediterranean even more
closely with the liner shipping company's global network of services.
By acquiring a stake in the terminal, the company is ensuring that it will enjoy the necessary capacities, said the company.
Once it is fully operational, which is expected to happen in mid-2020,
the terminal will have an annual capacity of 1.5 million TEU. Other
principal shareholders are the Moroccan port operator Marsa Maroc (50
per cent plus one share) as well as Contship Italia and Eurogate
(together 40 per cent minus one share).
http://www.shippingazette.com/menu.asp?encode=eng
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