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Global maritime outfit Sea & Ports Grouphas completed its acquisition of 100% of Morocco’s NAL Maroc Maritime Agency,after receiving the greenlight from Morocco’s Competition Council, according to a statement. The acquisition expands Sea & Ports’ operations in Africa, where it already operates through its representation of South Korean maritime firm HMM in Algeria and Tunisia. NAL Maroc was also the representative of HMM in Morocco before the acquisition.
The merged entity has now become the representative in Morocco for its maritime line, Marguisa Shipping Lines, which boosts its presence in Moroccan trade with West Africa, Break Bulk said.
Background:Sea & Ports had initially acquired what it said was a “considerable” stake in NAL Maroc last year.
About Sea & Ports Group: Sea & Ports Group is a group of companies operating in the global maritime and port logistics sector, with a focus on trade flows West Africa, according to its website. Headquartered in Madrid, it operates across the Mediterranean, West Africa, Northern Europe, and Asia. The company covers all aspects of maritime transport in addition to running its shipping line, with over 100 offices, partners across 55 countries and around 300 employees.
