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Update: Monday, 14 April 2008    

The CNAN is 10 % of the market The CNAN is 10 % of the market

Transport minister on the Algerian Shipping Company
Thursday Jun 22 2006.

Mohammed Meghlaoui, Minister for Transport, has indicated that the authorities were not going to give any financing or financial support before the Algerian National Company of Shipping (CNAN)




Made concrete a partnership with a foreign group or a group which has ethics and professionalism necessary to save the Algerian company and to leave it out of the crisis in which it is.

Meghlaoui has indicated that the State spent 12 billion dinars to restructure and start again the public company, then it has accompanied the operation by liquidation but the company mother still suffers, adding that the State encouraged the privatization of the company but would like to keep the sector, thus the company will be subjected to the Algerian legislation, adding that the CNAN is 10 % of the market, recognizing that the State is late for the privatization of this company this is why a partner was not found yet.

The Minister of transport has insisted on the fact that there is a misunderstanding concerning the business of the ports indicating that Algeria suffered from the increase in the cost of the loading, unloading and reception of the boats with a rate of 30%, rotations of the boats remain more than those of the other countries adding that the effectiveness in the management of the boats is required, it is essential to break this chain, the public property of the ports is guaranteed and the privatization of the ports is not topicality, but it is the kinds about management to reduce the cost and to increase the productivity and the wages but it does not have there a concession concerning the property of the ports.

S. Hafid — El-Khabar

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