Cotunav invest 250 million USD in fleet renovation

Cotunav ferryThe Tunisian shipping company Compagnie Tunisienne de Navigation, which is also known with commercial brand CTN or Cotunav, will launch a fleet renovation program worth 250 million USD. The company plan to modernize its cargo fleet and to make it more effective and environmental, implementing the latest marine engineering technologies, which as well with reduce the costs. Cotunav will order four vessels during the next months, including one 600 TEU container carrier, two 30,000 DWT bulk carriers and Ro-Ro ship. The vessels will be employed on intra-Mediterranean services and coastal routes.

“We intend to invest 250 million USD during the next four years fur purchasing four vessels, including a 600 TEU boxship, two 30,000 DWT bulk carriers and a Ro-Ro ship, which will replace another unit currently deployed on an intra-Mediterranean service. Both bulk carriers will be operated for grain shipments to Tunisia, while the container ship is part of a broader project including the new deepsea port of Enfida”, said the chairman and CEO of Tunisian shipping company Compagnie Tunisienne de Navigation, Ali Belgacem.

The Compagnie tunisienne de navigation (CTN or Cotunav) is Tunisian national shipping line, providing regular passenger ferry connections between Tunisia and the ports of Marseille and Genoa, as well as freight transport to Barcelona and Livorno. The company operate a fleet of 7 vessels with average age of more than 15 years.