The story
Compagnie Franco-Chérifienne de Navigation (CFCN) was founded in 1946. After the independence of Morocco in 1956, it changed its name to Comanav in 1959.
For the numerous Moroccan emigrants in Europe who returned to the country for the summer, the company decided in 1975 to offer a passenger ferry line between Tangiers and Sète. In the same year, it acquired five container ships to pursue its development along with its bulk carriers.
In 1993, a roll-on/roll-off (ro-ro) increased the companies capacity for the transport of lorries.
Five years later, Comanav became the first Moroccan shipowner to serve the Straits of Gibraltar, strengthening its position in the field of passenger transport in the Mediterranean region.
In 2007, the Moroccan state privatised the company, which was leased to a consortium represented by CMA CGMM for 2.2 billion Moroccan dirhams, equivalent to 200 million euros. The French company was interested above all in the port sector and yielded the passenger business to the Spanish company Balearia, which itself sold its share to a Moroccan operator, Comarit, for a sum of 80 million euros in February 2009.
From Wikipedia’s article on Compagnie Marocaine de Navigation, shared under CC BY-SA 4.0.3