Compagnie Marocaine de Navigation

Comanav
Subsidiary
Industry Transport
Founded 1946
Headquarters Casablanca, Morocco
Key people
 Taoufik Ibrahimi (PDG)
Products Ferries
Port services
Passenger transportation
Freight transportation
Parent CMA CGM
Website www.cma-cgm.com

The Compagnie Marocaine de Navigation or Comanav (Moroccan Navigation Company) is a Moroccan shipping company and wholly owned subsidiary of the CMA CGM Group. Currently, it is the leader in the Moroccan market for maritime transport of passengers and freight, as well as port operations. In 2009, the company sold its ferries and passenger transport subdivision to Comarit which has since gone bankrupt.

History

Compagnie Franco-Chérifienne de Navigation (CFCN) was founded in 1946. After the independence of Morocco in 1956, it changed its name to Comanav in 1959.

For the numerous Moroccan emigrants in Europe who returned to the country for the summer, the company decided in 1975 to offer a passenger ferry line between Tangiers and Sète. In the same year, it acquired five container ships to pursue its development along with its bulk carriers.

In 1993, a roll-on/roll-off (ro-ro) increased the companies capacity for the transport of lorries.

Five years later, Comanav became the first Moroccan shipowner to serve the Straits of Gibraltar, strengthening its position in the field of passenger transport in the Mediterranean region.

In 2007, the Moroccan state privatised the company, which was leased to a consortium represented by CMA-CGM for a sum of 2.2 billion Moroccan dirhams, equivalent to 200 million euros. The French company was interested above all in the port sector and yielded the passenger business to the Spanish company Balearia, which itself sold its share to a Moroccan operator, Comarit, for a sum of 80 million euros in February 2009.

Activities

Some statistics

Comanav's fleet consists of 14 vessels of which 10 are owned. Its capacity is for 3,300 teu, 7,400 passengers and 2,200 vehicles. Volumes transported annually are 60,000 teu, 45,000 units Ro-Ro, 200,000 tonnes of various goods and 800,000 passengers.

Regular links

Principal services (cargo)

Principal services (passengers)

Sources

This article is issued from Wikipedia - version of the 8/2/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.