Wednesday, January 12, 2011

Joint Moroccan Logistics Venture Established

New Damco Alliance Operational from Next Month
Shipping News Feature

MOROCCO – Logistics and freight forwarding subsidiary of AP Moller Maersk, Damco, have started a joint venture with Moroccan group SNTL to trade under the ‘SNTL Damco Logistics’ banner to produce an integrated service for the Moroccan market. SNTL has been the biggest fleet operator in Morocco for the past 70 years with around a 1,000 trucks and the group intend to create new logistics centres in Casablanca, Tangier, Agadir, Fes, Meknes and Marrakech over the next five years.

SNTL are investing about$175 million in the project starting with the opening next month of a fully equipped handling terminal and logistics centre, Mohammedia Zenata, a 28-hectare logistics zone strategically located nearby the Casablanca port and the main through roads. The 36,000 square metre warehouse for both ambient temperature and cold storage cargo also has a container yard for dry and reefer containers, bonded warehouse for non-cleared cargo and parking space for international truckers.

Oussama El-Edghiri, General Manager of Damco Maghreb commented on the liaison saying:

“This partnership confirms our commitment to our customers locally and our engagement in Morocco. Morocco’s logistics competitiveness is high on our agenda and the new joint venture comes in support of this shared SNTL-Damco vision.”

SNTL General Manager Oussama Loudghiri agreed, saying:

“SNTL Damco Logistics is a Moroccan company created with the aim to be a leader in logistics. After an intensive selection process, we have decided to choose Damco as a partner because of its solid reputation, broad network and its local and global logistics expertise. We also share the same vision aspiring to offer high quality logistics services, allowing our customers to reduce their logistics costs and simultaneously improve the competitiveness of the Moroccan market.”