FRENCH President Francios Holland and CMA CGM vice chairman Rodolphe Saade recently laid the cornerstone for the future Port of Reunion Island, a French colony off Madagascar.
Administratively, Reunion is an overseas department of France and politically has the same status as those department on the European mainland.
During the ceremony, Mr Saade signed a Memorandum of Understanding aimed at making Port Reunion the CMA CGM maritime hub in the Indian Ocean within 12 to 18 months.
As a new hub, CMA CGM gives the port not only status as a strategic centre, but also as a key element in the copany's development in Africa, where it already has a strong presence, said the press release.
"Cargo from all over the world will be unloaded on the island, before being loaded towards new destinations," it said.
"By committing to preset volume levels with incremental increases over time, the CMA CGM Group will create - directly and indirectly - new jobs," said the company statement.
Said Mr Saade: "The Memorandum of Understanding signed in the presence of the President of the French Republic will play an active part in the economic growth of the Reunion Island, and will reinforce its commercial ties not only with the surrounding islands, but also with Europe, Africa and Asia."
WORLD SHIPPING
25 August 2014 - 20:57
President Holland, CMA CGM's Rodolphe Saade at Port of Reunion MoU signing
FRENCH President Francios Holland and CMA CGM vice chairman Rodolphe Saade recently laid the cornerstone for the future Port of Reunion Island, a French colony off Madagascar.
WORLD SHIPPING
25 August 2014 - 20:57
President Holland, CMA CGM's Rodolphe Saade at Port of Reunion MoU signing
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