Moroccan Commercial Fleet: An Ambitious Goal of 100 Ships by 2040
Morocco Aims to Revitalize Its Commercial Fleet,…
Morocco seeks to revitalize its once-thriving commercial fleet to support its foreign trade strategy. A Moroccan delegation recently traveled to South Korea to leverage the technological advancements of the shipbuilding leader, HD Hyundai Heavy Industries.
This visit, led by the Minister of Equipment and Water, Nizar Baraka, allowed the delegation to explore the state-of-the-art facilities in Ulsan and engage with Lee Sang-Kyun, the Executive Director of Hyundai Heavy Industries. The mission’s objective is clear: to draw inspiration from South Korean techniques and innovations to enhance Morocco’s maritime capacity.
The Moroccan government has set an ambitious goal of owning a fleet of 100 ships by 2040, thereby strengthening the country’s strategic role in international trade. A roadmap, developed by an international consulting firm, will soon be presented to guide this ambitious project.
Morocco aims for the majority of these ships to be owned by national companies, whether public or private. This is a significant challenge, given the decline of the Moroccan fleet, which has decreased from 73 vessels in the 1980s to just 16 in 2020, following the bankruptcy of several historic companies such as Limadet, Comanav, and Comarit.
In addition to acquiring new vessels, Morocco plans to develop a shipbuilding industry within its territory, complete with the necessary infrastructure to ensure their maintenance and upkeep, thereby enhancing its autonomy and industrial capabilities in the maritime sector.
Morocco Aims to Revitalize Its Commercial Fleet,…
Morocco seeks to revitalize its once-thriving commercial fleet to support its foreign trade strategy. A Moroccan delegation recently traveled to South Korea to leverage the technological advancements of the shipbuilding leader, HD Hyundai Heavy Industries.
Shipbuilding in the Maghreb
This visit, led by the Minister of Equipment and Water, Nizar Baraka, allowed the delegation to explore the state-of-the-art facilities in Ulsan and engage with Lee Sang-Kyun, the Executive Director of Hyundai Heavy Industries. The mission’s objective is clear: to draw inspiration from South Korean techniques and innovations to enhance Morocco’s maritime capacity.
The Moroccan government has set an ambitious goal of owning a fleet of 100 ships by 2040, thereby strengthening the country’s strategic role in international trade. A roadmap, developed by an international consulting firm, will soon be presented to guide this ambitious project.
This visit, led by the minister…
Morocco aims for the majority of these ships to be owned by national companies, whether public or private. This is a significant challenge, given the decline of the Moroccan fleet, which has decreased from 73 vessels in the 1980s to just 16 in 2020, following the bankruptcy of several historic companies such as Limadet, Comanav, and Comarit.
In addition to acquiring new vessels, Morocco plans to develop a shipbuilding industry within its territory, complete with the necessary infrastructure to ensure their maintenance and upkeep, thereby enhancing its autonomy and industrial capabilities in the maritime sector.
