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Diamond Line expands North Africa business as part of COSCO Europe’s strategic plan
1 min Mena Today
Diamond Line, a subsidiary of COSCO Shipping Lines (Europe) GmbH, is poised to significantly bolster its presence in the North Africa market as it aligns with COSCO SHIPPING Europe’s ambitious ‘Big Corridor and 3 Networks’ strategy.
COSCO is a global shipping company based in China and one of the largest integrated shipping companies in the world. It operates a comprehensive network of container terminals, logistics services, and maritime transportation covering major trade routes across the globe © Mena Today
Diamond Line, a subsidiary of COSCO Shipping Lines (Europe) GmbH, is poised to significantly bolster its presence in the North Africa market as it aligns with COSCO SHIPPING Europe’s ambitious ‘Big Corridor and 3 Networks’ strategy.
This strategic initiative aims to strengthen Europe's connectivity with other continents through the integration of three key networks: water and rail transportation, as well as warehousing and distribution.
A pivotal component of this strategy is the establishment of new trade routes, and Diamond Line’s role in this expansion is crucial. One notable achievement is the successful inauguration of the Turkey-Spain-Morocco (TSM) route, which commenced with the maiden voyage of MV Delphis Gdansk to Casablanca in September last year.
This route serves as a vital link connecting major ports in the Marmara region with destinations in Spain and Casablanca. Notably, it offers expedited transit times, with a quick connection to Valencia achievable in just one day.
COSCO reports that the TSM route has seen the deployment of four containerships to date, three of which are Diamond Line’s latest CO2-efficient vessels boasting a capacity of 1,900 TEUs.
The expansion into North Africa signifies Diamond Line’s strategic positioning to capitalize on emerging trade opportunities and strengthen its foothold in key markets.
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