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Bolloré signs new Cameroon concession

KRIBI, Cameroon: July 25, 2017. CMA CGM and Bolloré Transport & Logistics have signed a 25-year concession to manage a new container terminal at the Port of Kribi in partnership with the State of Cameroon.

Kribi CameroonIn April this year Eximbank China agreed to provide a US$740 million loan and credit for phase two of the port's development that will include a 700-meter container berth to handle vessels up to 11,000 TEU and an annual box throughput of 1.3 million.

Kribi (right) is strategically situated on the Gulf of Guinea about 200 miles south of Douala, the Cameroon capital and home to its largest seaport. Connected to the city of Edéa, Kribi provides a gateway to Chad and the Central African Republic and complements existing services at Douala.

"We are proud of the confidence placed by Cameroon in the Bolloré Ports/CMA CGM/CHEC consortium," commented Philippe Labonne, deputy CEO of Bolloré Transport & Logistics and CEO of Bolloré Ports. "With the new port of Kribi, Cameroon now has a second hub port at its disposal, which completes its infrastructure network. Our consortium, thanks to its maritime, port and logical know-how, is going to enable the Kribi port platform to play its role as a growth accelerator for Cameroon and the region," he continued.

Kribi port traffic will also include iron ore, alumina, aluminum and liquefied natural gas and hydrocarbons.

In addition to Douala, where the company added a third gantry crane last month, Bolloré Ports manages container terminals in Conakry, Freetown, Monrovia, Côte d'Ivoire, Abidjan, Lomé, Bénin, Cotonou, Lagos, Bangui, Libreville, Port-Gentil, Pointe-Noire, and Reunion.

In May, the company was appointed shipping agent to COSCO in the Congo where it already represents Grimaldi, Bocs, Mandarin and Hamburg Süd.

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