News Agencies Feed :

    Toyota Tsusho to Build Marine Research Vessel for Morocco

    09 Oct 2018

    Rabat- Toyota Tsusho has obtained the new contract to construct a marine research vessel for Morocco.

    A member of the Toyota Group, Toyota Tsusho, which is supported by its subsidiary, CFAO, announced the news in a statement published on October 3.

    The new contract for the oceanographic and fisheries vessel construction project was awarded by the National Institute of Fisheries Research of Morocco, a subsidiary organization of Morocco’s Ministry of Agriculture and Fisheries.

    The budget for the project is estimated at 5 billion yen ($44 million) “which funds are provided under a Japanese ODA loan agreement executed by the governments of Japan and Morocco.”

    The project aims to improve and enhance fishery resource research as fishing has “become unstable” since the 2000s, according to the statement.

    The press release said that Morocco, with its long Atlantic Ocean coastline, has “excellent fishing grounds.” It also mentioned the sea products Morocco exports to Japan and other countries, including octopus, squid and tuna.

    According to the statement, Mitsu E&S Shipbuilding will work on the project.

    moroccoworldnews

    Stock Market

    Index

    Value

    Change

    Open

    MADEX

    9 209,87

    0,82 %

    9 135,23

    MASI

    11 329,76

    0,81 %

    11 238,86

    FTSE CSE

    10 269,41

    0,50 %

    10 218,62

    Contact US | Powered by CNPHUB.com - All Rights Reserved