The ferry "Morocco Express 1" of the AML Stena Line company, recently authorized to operate the link between Tarifa and Tangier-city, broke down at sea during its first voyage.
The CTM group announced that it has successfully carried out a bond issue of 300 million dirhams. An amount intended for the acquisition of 51% of the capital of Africa Morocco Link (AML), of which the remaining 49%, held by Attica Holdings, have been sold to the Swedish giant Stena.
The Othman Benjelloun group, O Capital Group, is reshuffling the cards in the Moroccan maritime transport sector. The Compagnie de Transports au Maroc (CTM) is taking over the majority stake (51%) in Africa Morocco Link (AML) held by Bank Of Africa.
The coronavirus health crisis has strongly impacted the consolidated turnover of the Compagnie des transports du Maroc (CTM) , which stood at 373 million DH, a decrease of 43.1%. The restrictions imposed on the main cities, the cap on the occupancy rate at 75% and the curfew are at the origin of this poor performance.
Like other Moroccan companies, the Compagnie de Transport au Maroc (CTM) has been heavily impacted by the coronavirus and travel bans during the health emergency period.
Those who have purchased tickets valid between Monday, July 27 and Friday, July 31 can be refunded if they wish or have their tickets changed for a date up to December 31. The announcement was made by the Compagnie de Transports au Maroc (CTM), following the decision banning travel between certain cities.
The Ordinary General Meeting (AGO) of the Compagnie de Transports au Maroc (CTM) unanimously decided not to distribute dividends for the 2019 fiscal year.
For the first time, the German company [Flixbus] is coming to Morocco and offering bus trips to France, from 9 Moroccan cities, at affordable prices.
The Satcoma-Satas company may soon disappear to allow the Compagnie de Transports au Maroc (CTM) to definitively establish its hegemony in the passenger and freight transport sector in Morocco. The two companies have just concluded an important agreement this Thursday.
The controversy sparked by the discriminatory service note displayed by the Compagnie de Transports au Maroc (CTM) agency in Rabat towards illegal migrants continues to shock and provoke reactions. In a statement, the National Human Rights Council expressed its concern.
No restrictions have been imposed on Sub-Saharan nationals wishing to travel through Morocco. This is at least what the Moroccan Transport Company (CTM) claims.