Moroccan company purchases two ships from Spain for $30 million
Morocco, Business, 2/25/1998
Economic sources in Morocco have confirmed that the Moroccan company for commercial navigation has purchased two cargo ships from Spain to modernize its commercial fleet and to increase services to European harbors.
The first ship is meant to travel between Casablanca harbor and Barcelona, Spain the second between Casablanca harbor with Bordeaux in France.
The transaction is estimated at $20 million, and the two ships will be built by a Spanish company.
The Moroccan company for commercial navigation is to be privatized.
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