Norwegian firm Höegh Autoliners has signed a deal with South Africa’s Grindrod to take a stake in Maputo Car Terminal in Mozambique. The terms of the agreement have not been released, but the companies will work together to turn the terminal into a major regional hub.
In 2007, Grindrod secured a concession from Maputo Port Development Company to construct the car terminal and has already completed the first phase with annual handling capacity of 57,000 vehicles, although it hopes to boost this to 255,000 vehicles/year in the long term. Höegh is 62.5% owned by Leif Höegh & Co, with the remaining 37.5% equity held by A.P.Møller-Maersk....
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This complete item is approximately 300 words in length, and appeared in the January 2009 issue of WorldCargo News, on page 12.
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