Marsa Maroc expands in Spain: 45% of Boluda Maritime Terminals for $94 million

The Moroccan port operator Marsa Maroc has reached a symbolic milestone on its natural growth axis: the Spain-Morocco corridor. The group announces an agreement to acquire 45% of Boluda Maritime Terminals (BMT) for $94 million, subject to regulatory approvals.

The operation would be led by Marsa Maroc International Logistics (MMIL), the group’s international development vehicle, with an assumed logic: to strengthen the presence “on both sides” of the Strait of Gibraltar and build synergies with the Spanish partner. BMT operates nine terminals between the Iberian Peninsula and the Canary Islands. In 2024, these terminals would have handled more than one million TEUs, notably serving as platforms for 11 Boluda Lines routes (Iberia, Canaries, Balearic Islands, Northern Europe, Italy, West Africa, Cape Verde).

For Marsa Maroc, it is also a coherent building block within a broader expansion strategy: the group recalls operating 25 terminals in 11 ports and having communicated about ambitions in West and East Africa (including Cotonou and Djibouti, according to the cited elements). The alliance with Boluda is presented as a lever to combine assets, operational expertise, and commercial complementarities in an area where “short sea” and port fluidity are becoming decisive for the competitiveness of Euro-Maghrebian supply chains.

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