OT Africa Line explained

OT Africa Line
Foundation:1975
Location:Birmingham, UK
Industry:Transport, shipping, cargo
Products:Shipping, cargo, freight distribution
Revenue:93 million EUR (2007)
Num Employees:30+
Homepage:http://www.otal.com

OT Africa Line was a specialist shipping line exclusively serving routes between Europe and West Africa.[1] OTAL work exclusively in the transportation (container shipping fleet) industry, operating a line of container and RoRo vessels. It ceased trading in June 2011 when the brand was assimilated under the Delmas banner. OTAL, like Delmas, was a subsidiary of the CMA CGM Group,[2] the third largest shipping company in the world.

History

OT Africa Line was established in 1975 as a pioneering, roll-on roll-off congestion beating transport system to Nigeria. Nigeria went through a massive construction boom with the discovery of oil in the mid-1970s[3] and the need to provide construction materials and equipment resulted in port congestion. Roll-on roll-off ships can load and discharge quickly, taking up a minimum of quay space and overcoming congestion difficulties.

In 1999 OTAL was taken over by Bolloré, a French investment and industrial holding group.[4]

In 2006 CMA CGM purchases OT Africa Line, at the same time acquiring Delmas, Setramar and a 50% stake in SudCargos to become the third largest shipping company in the world.

External links

Notes and References

  1. Web site: OTAL Home Page . 2008-12-03 . otal.com .
  2. Web site: CMA CGM Subsidiaries Page . 2008-12-03 .
  3. Web site: Financial Times Country Information . 2008-12-03 .
  4. Web site: Marinelink.com . 2008-12-03 .