The coastal shippping (cabotage) service in Mozambique will restart next September under a memorandum of understanding signed on Wednesday in Maputo by state-owned Mozambican sea and river transport company, Transmarítima and Peschaud Mozambique, the Mozambican press reported.
The two companies have already set a schedule of activities, which includes the registration of the company to be set up in partnership between the two companies. Peschaud Mozambique, is a subsidiary of the French land, river, lake and maritime logistics company Peschaud et Cie International.
Mozambique’s Transport and Communications Minister Carlos Mesquita, present at the signing of the memorandum of understanding, gave assurances that cabotage will reduce the prices of goods at the destination and contribute significantly to the reduction of road accidents, as many goods which are transported by road will now be sent to their destinations by sea.
The chairman of Transmarítima’s board of directors, Jafar Ruby, said the French group is a very experienced partner in cabotage, with a presence in several African countries and added that the two companies will jointly select the most suitable ships to operate in coastal shipping in Mozambique.
The investment required for resumption of cabotage service in Mozambique is estimated at US$10 million. (macauhub)