Eurogate Tanger ordered two new Kalmar RTGs

Soon, the Cargotec subsidiary Kalmar will deliver to the shipping operator Eurogate two new Kalmar rubber-typed gantry cranes RTGs, with a 50t lifting capacity, for its Tanger S.A terminal in Morocco. This sale was booked in Cargotec’s 2018 Q3 order intake. These machines should be delivered during Q3 of 2019. “Kalmar RTGs have been the backbone of our operations for many years already, so it was a natural step to turn to Kalmar once again when it came to expanding our existing fleet. We appreciate Kalmar for their innovative technical solutions and we are sure to continue together to increase the terminal performance and reliability,” stated Andrea Cervia, CEO of Eurogate Tanger S.A.

Rhenus strengthens its lines between France and Morocco

Established in Morocco since 2008, through its Rhenus Maroc subsidiary based in Tangiers, the German group Rhenus Freight Logistics (RFL) has seen the last five years an important development of its activities on the lines with this country. Indeed, Rhenus offers a wide range of transport and services between France and Morocco regardless of the sector of activity (industrial, event, hi-tech automobile, health and medical equipment …) From its platform in Aulnay- sous-Bois, where it has more than 4500 m2 of warehouses and 52 loading docks, RFL has set up weekly links to Morocco, via Spain, with transit times of 72 to 96 hours . It also has a large fleet of vehicles adapted to the loads: complete trucks (FTL), trucks with platform, trailers, transport of vehicles, etc. Rhenus can also offer its customers various exceptional convoys, with full or partial loads, to the ports of Casablanca and Tangiers. The company plans to make new expansions and openings in order to extend its network to this country.

Acwa Power inaugurated its first wind power plant in Morocco

The Saudi company Acwa Power, involved in all sectors of energy just opened its first brand new Moroccan wind power plant on the site of Khalladi, 50km from Tanger. This facility, which cost nearly 180 million dollars, will produce approximately 380 GWh per year, equivalent to that consumed by 400 000 people. This new wind power plant is part of a major national plan to set the share reserved to renewables in energy provision to 52% by 2030.

The South African Sanlam acquires the insurance business of the Moroccan group Saham … which will evolve into a pan-African investment fund

After a negotiation that lasted for several months, the South African service group and financial insurer Sanlam has just increased its stake in the capital of insurance subsidiaries of the Moroccan group Saham from 46.6% to 100%.

This acquisition, subject to the agreement of the various regulators concerned, was concluded for an amount of $ 1.05 billion on the basis of a valuation of $ 158 per share.

It will enable Sanlam, with a market capitalization of $ 16 billion, to strengthen its presence on the African continent thanks to the 35 insurance companies in 26 countries that make up Saham’s insurance division.

Ian Kirk, Managing Director of the Sanlam Group, said: “We look forward to strengthening our investment in the Kingdom of Morocco, which is a formidable continental platform at the gateway to Europe and which enjoys institutional and macroeconomic stability . Our investments alongside the SAHAM group represent a real winning model of inter-African partnership. We hope to achieve other major projects together in the future. “

At the same time, Saham bought back the shares held by the French group Wendel in its shareholding and began its transformation into a pan-African investment fund. A strategy confirmed by Moulay Mhamed Elalamy, Administrator and spokesperson of the Saham Group.

“The DNA of the Saham Group lies in its ability to bring together leading international investors, such as the World Bank, Kingdom Zephyr, Abraaj, Allianz, Bertelsmann, Wendel and more recently the Sanlam Group. As part of its transformation into an African fund, Saham will now attract new partners, to break new ground, and invest in future-oriented businesses, accelerators of development for our country and our continent “

At the end of all these operations, SAHAM will have drained a total of $ 1.7 billion in foreign investment since 2012.

The 3 world’s largest STS Cranes for the APM Terminals MedPort Tangier

Opening in 2019, the APM terminals Medport of Tangier in Morocco will be equipped soon with three of the newest and largest ship-to-shore cranes in the world. The STS, weighing 2500 metric tons each, are 144 meters high when boomed up and have a 72 meters high outreach with tandem lift capacity. The three cranes have been designed to handle vessels and carrying 22000 containers for the Asia/Europe trade lane. The terminal under construction will be equipped with the latest technology, which « ensures greater cargo-handling efficiency and enabling more capacity » according to the Maersk’s Transport and Logistics part.

SDX begins new drilling on Sebou permit

In a press release dated on February 27, oil and gas company SDX Energy Inc. announces that it has begun drilling the SAH-2 well on the Sebou permit in Morocco. This operation should take between 15-20 days and then, if successful, the well will be tested and depending on the flow connected to other existing infrastructure.

Tanger : opening of the third Daher factory in Morocco

Aircraft manufacturer and equipment supplier Daher just officially inaugurated its third Moroccan plant, located in Tanger. Financed by their investment of more than 15 million euros, this new 10000 Square meters area will employ more than 250 people. Combined with the two other Moroccan factories of Tanger and Casablanca, 550 employees will work on a production area of 30000 Square meters. Didier Kayat, Daher CEO, attended the ceremony with the company Chairman Patrick Daher and Moulay Hafid Elalamy, Morocco’s Minister of Industry, Trade and the Digital Economy. The Production process already began in Q3 2017.