Mozambique: Port of Maputo to manage cabotage terminal after merger

Login

Register

http://www.clubofmozambique.com/

Mozambique: Port of Maputo to manage cabotage terminal after merger

3:38 CAT | 30 Oct 2023

FILE - For illustration purposes only. [File photo: Notícias]

The Maputo Cabotage Terminal (TCM) is now being managed by the Maputo Port Development Society (MPDC), under a merger agreed between the two companies.

It has now been announced that the merger will involve the incorporation of the Maputo Cabotage Terminal into the MPDC, resulting in the extinction of the first entity.

The cabotage terminal has a pier measuring around 300 metres long and is 6,200 square metres in area, with three berths able to accommodate three ships simultaneously.

The terminal has open storage space of 20,000 square metres and a covered storage space of 5,000 square metres, the latter consisting of three warehouses, and has the capacity to handle 500,000 tons of cargo per year.

The Port of Maputo is made up of terminals for fishing, general cargo, coal, fruit, sugar, containers, steel and molasses tanks, with a length of 3,876 meters.

The mineral quay is made up of the coal, oil, cereal and aluminium terminals, with an overall length of 865 meters.

Most of the port is already managed by the MPDC.

According to a note sent to ‘Noticias’, the merger project documents are available for consultation by shareholders and creditors at the headquarters of both companies.

The parties also add that, under the terms established in the Commercial Code, the merger project will not be subject to approval by the shareholders of the participating companies, as MPDC holds the entire share capital of the Maputo Cabotage Terminal.

Source: AIM