GERMAN shipping giant Hapag-Lloyd has intensified its activities in Africa with the purchase of a 10 per cent stake in Container Terminal 3 (TC3) of the Tangier Med 2 port in Morocco.
The port on the southern coastline of
the Strait of Gibraltar offers excellent conditions and is now regarded
as a strategically important hub for global container traffic, reports
Hellenic Shipping News.
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.
Once it is fully operational, which is expected to happen in mid-2020,
the terminal will have an annual capacity of roughly 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).
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