Tag: Tangier

Hapag-Lloyd successfully completes SM SAAM terminal business acquisition

August 1, 2023 / WIL BALDWIN

Hapag-Lloyd (OTC: HPGLY) today successfully completed its 100 % acquisition of SM SAAM’s terminal business and related logistics services, which is based on an agreement announced in October 2022. The transaction was approved unconditionally by the relevant antitrust authorities of all countries involved in this acquisition process.

Investing in terminal infrastructure is a key element of Hapag-Lloyd’s strategic agenda, and Latin America is one of its key markets. The transaction includes interests in terminals in Iquique, Antofagasta, San Antonio, San Vicente and Corral (Chile), Port Everglades (United States / Florida), Mazatlán (Mexico), Buenavista (Colombia), Guayaquil (Ecuador) and Caldera (Costa Rica) as well as related logistics services. The acquisition will further strengthen Hapag-Lloyd’s core liner shipping business and help the carrier to build up a robust and attractive terminal portfolio.

The new entity will be led by its CEO, Mauricio Carrasco, who has been Managing Director for the Terminals Division within the SAAM Group since 2020. Mauricio Carrasco is an experienced senior executive with long-standing experience in Latin America and globally. He has served as Senior Vice President of Development at CSAV and as Senior Director at Hapag-Lloyd, with responsibilities in the Americas, China, Dubai, and India. Rodolfo Díaz, former Senior Director Business Administration Region Latin America at Hapag-Lloyd, will join him as CFO.

Hapag-Lloyd has continuously expanded its involvement in the terminal sector and holds stakes in the Container Terminal Wilhelmshaven, the Container Terminal Altenwerder in Hamburg, the Italy-based Spinelli Group, the India-based J M Baxi Ports & Logistics Limited, Terminal TC3 in Tangier, and Terminal 2 in Damietta, Egypt, which is currently under construction.

Alstom Begins Delivery of Prima M4 Locomotives to ONCF

December 31, 2019 / WIL BALDWIN

Alstom has delivered in Morocco the first Prima M4 locomotive in the frame of the contract signed in 2018 with ONCF to supply 30 electrical Prima locomotives. While the 30 locomotives will be manufactured in Alstom’s Belfort plant, the Alstom team in Morocco will ensure the testing, the warranty service and maintenance.

The 30 Prima M4 locomotives have a nominal power of 5.5 MW, a maximum operating speed of 160 km/h and operate under 3 KV DC voltage. They are equipped with ETCS level 1, require minimum maintenance and provide a high reliability level with low lifecycle cost thanks to the modular design.

“Over the past 10 years, 20 Alstom electrical locomotives have been put into commercial service by ONCF. We are proud, today, to contribute to grow up the fleet and to support ONCF in this major project to develop the railway infrastructure solutions throughout the country,” said Nourddine Rhalmi, Managing Director of Alstom Morocco.

Alstom has been manufacturing locomotives for more than 100 years with the first electric locomotive produced in 1926. To date, the company has sold more than 3,000 locomotives from its Prima range.

Six French sites are participating in the production of the locomotives: Belfort (assembling), Le Creusot (bogies), Ornans (motors), Petit-Quevilly (transformers), Tarbes (traction chain components) and Villeurbanne (on board electronics). The ETCS components are produced in Madrid.

Present in Morocco with 580 employees, Alstom has contributed to several major railway projects, such as the delivery of first Citadis trams to the cities of Rabat and Casablanca, and 12 Euroduplex VSHT for the High Speed Line which is linking Tangier to Casablanca. In its plant in Fez, Alstom produces cable bundles for rail applications and electrical switchboxes that are supplied to its European plants and mounted on trains exported around the world.

Ryanair Opens New Toulouse Base and S20 Schedule

September 28, 2019 / WIL BALDWIN

23 ROUTEs (13 NEW), 1.4m customers & 33% GROWTH

Ryanair, Europe’s No.1 airline, today (27 Sept) celebrated the opening of its new Toulouse base (its 3^rd in France) and the launch of its new summer 2020 schedule, with 2 based aircraft and 23 routes (13 new), connecting Toulouse to Athens, Brest, Budapest, Dublin, Lille, Luxembourg, Marseille, Oujda, Palermo, Palma, Porto, Tangier and Valencia, which will deliver 1.4m customers p.a. at Toulouse.

Ryanair’s new Toulouse base will deliver:

2 based aircraft
23 routes in total
13 new routes to/from Athens (2), Brest (3), Budapest (2), Dublin (daily), Lille (daily), Luxembourg

(3), Marseille (5), Oujda (2), Palermo (2), Palma (2), Porto (3), Tangier (2) &

Valencia (2)

More frequencies on 2 other routes to/from Fez (3) & Seville (4)
4 million customers p.a. (+33%)
1,000* “on-site” jobs p.a.

Toulouse consumers and visitors can now book their holidays for summer 2020 enjoying the lowest fares and Ryanair’s industry leading on-time performance and customer care improvements.

To celebrate the launch of its new base, Ryanair has launched a seat sale with fares on its new Toulouse routes available from just €9.99, for travel until November, which must be booked by midnight Sunday (29 Sept) on the Ryanair.com website.

In Toulouse, Ryanair’s Michael O’Leary said:

“We are pleased to open our third French base in Toulouse, with 2 based aircraft and 23 routes, delivering 1.4m customers p.a., supporting over 1,000* airport jobs.

We are also pleased to announce our biggest ever Toulouse S2020 schedule, with 23 routes, including 13 new routes to and from exciting cities such as Athens, Dublin, and Tangier. To celebrate we are releasing seats for sale on these new routes from €9.99 for travel until November, available for booking until midnight on Sunday (29 Sept) Since these amazing low fares will be snapped up quickly, customers should log onto www.ryanair.com to avoid missing out.”

Philippe Crébassa, Chairman of the Board of Toulouse-Blagnac Airport, said:

“After arriving in 2016, Ryanair strengthens its local presence with the opening of an operational base at our airport. Ryanair’s presence will generate local jobs and offer 13 additional destinations to France and Europe this autumn to our passengers. Our region is thereby even more connected internationally and will welcome new customers in the coming weeks from Luxembourg, Budapest or Tangiers.”

Hapag-Lloyd successfully completes SM SAAM terminal business acquisition

Alstom Begins Delivery of Prima M4 Locomotives to ONCF

Ryanair Opens New Toulouse Base and S20 Schedule

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