The "Boluda Towage - Marsa Maroc" consortium to provide towing and assistance services at Nador West Med

Casablanca, April 2nd, 2025

PRESS RELEASE

The "Boluda Towage - Marsa Maroc" consortium

to provide towing and assistance services

at Nador West Med

Following an international tender issued by Nador West Med, the consortium consisting of Boluda Towage France, a subsidiary of the global leader in maritime towing "Boluda Corporación Marítima", and Marsa Maroc, has been awarded the operating license to carry out towing and assistance activities at Nador West Med port for 20 years, starting from the fourth quarter of 2026.

The consortium will establish a joint venture to manage this operating license and carry out the related investments, including the acquisition of a fleet of four tugboats with an 80-ton towing capacity, estimated at €45 million. The joint venture's share capital will be divided between Boluda Towage France holding 51%, and Marsa Maroc possessing 49%.

This partnership will allow Marsa Maroc to strengthen its Towing Business Unit, established to harness its specialized know - how in this field and gradually develop it into a recognized expertise. To date, Marsa Maroc's Towing Business Unit provides this maritime service across seven ports (*).

(*) Nador, Al Hoceima, Mohammedia, Safi, Agadir, Laâyoune and Dakhla

About Marsa Maroc

Marsa Maroc is the Moroccan leading port operator, managing 25 terminals across 11 ports, and handling over 60 million tons of cargo annually.

As part of its new strategic vision, Marsa Maroc aims to strengthen its position in the Mediterranean while positioning itself as an internationally integrated port, maritime and logistics partner.

Marsa Maroc is listed on the Casablanca Stock Exchange and its principal shareholder is the Tanger Med Group, a developer of port, logistics, and industrial platforms.

About Boluda Towage France

Boluda Towage France is a subsidiary of Boluda Corporación Marítima, a global leader in maritime services. Boluda Corporación Marítima operates a fleet of over 400 boats across around fifty countries and a hundred of ports in the world.

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