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Mozambique, French firm ink shipping deal

The Mozambican public maritime and river transport company, Transmaritima, and the French group Peschaud have agreed to revive coastal shipping in the southern African nation.

According to state-controlled Radio Mozambique, the French company plans to invest US$10 million to place ships in Mozambique to carry goods between the ports along the Mozambican coastline.

The agreement signed by Transmaritima chairperson Jafar Ruby, his Peschaud Group counterpart Cristophe Peschaud during a ceremony witnessed by Mozambique’s Transport and Communications Minister Carlos Mesquita.

“We are very proud at the trust which Transmaritima and the Mozambican authorities have placed in us and we shall put everything in motion so that this operation takes place under the best of conditions,” said Peschaud.

He added: “We think this project comes in time to provide services for the major developments that are going to happen, mainly in the north of the country.”

Ruby said reviving coastal shipping will be crucial for Mozambique’s development in coming years.

“We shall select the most appropriate ships so that they can be acquired for us to be operational by this September,” Ruby said.

Infrastructure bottlenecks remain the main concern for coal miners setting up in Mozambique and both the government and the private sector have come up with various projects to expand and build new rail lines and ports.

Source: Journal du Cameroun

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