The Maputo Cabotage Terminal will now be managed by Sociedade de Desenvolvimento do Porto de Maputo (MPDC), in the Mozambican capital, as part of a merger agreement between the two companies.
The merger project, according to a report published this Monday, 30 October, by the Mozambican Information Agency (AIM), will involve the incorporation of the Maputo Cabotage Terminal into MPDC, which will culminate in the extinction of the first entity.
It is a terminal with a quay of around 300 metres in length and a space of 6200 square metres, three berths, which can simultaneously accommodate three ships. The terminal also has an open-air storage area of 20,000 square metres and a covered storage area of 5,000 square metres, comprising three warehouses.
“This development has the installed capacity to handle 500,000 tonnes a year,” reads the report.
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 metres. The mineral quay is made up of the coal, oil, cereal and aluminium terminals, with an overall length of 865 metres.
Meanwhile, the parties also added that since MPDC owns all the share capital of the Maputo Cabotage Terminal, the merger project will not be submitted for approval by the shareholders of the participating companies, under the terms of the Commercial Code.