In order to support the continuous development of the port complex, APM Terminals announces the launch of the second phase of the development of APM Terminals MedPort Tanger (Terminal 4). Ultimately, one million TEU (Twenty-Foot Equivalent Unit) containers can be stored there, with a quay that will increase from 1200 to 1600 meters in length.
The President of the Port Authority of the Bay of Algeciras (APBA), Gerardo Landaluce, presented the "Hercules Project", which aims to strengthen the links with the port of Tanger Med in 2021 and 2022.
Over the past two decades, Morocco has strengthened the infrastructure of the port of Tanger Med, making it a formidable competitor to the port of Algeciras. Today, the Moroccan port is ranked first in containers transported throughout the Mediterranean.
Four years after the abandonment of the construction work on the Tangier cable car by the French duo Poma and PGI Management, the SOMAGEC group has also thrown in the towel. The coronavirus crisis would be the reason for this withdrawal of the number 3 in the construction industry in Morocco after the SGTM and TGCC duo.
In the fourth quarter of 2020, the activity of the Tanger Med port hub resulted in an increase in the main indicators of port activity. For the year 2020 in general, the results are remarkable.
In order to strengthen the relationship between ports and their territorial environment, deputies are calling for the modernization of port equipment. In this sense, several commitments have been made by the government.
Bloomerg , a global provider of economic and financial information, has highlighted the success of the Tanger-Med port, which has managed to outperform the Spanish ports. These ports have dominated freight traffic between the Mediterranean and the Atlantic in recent years.
The best performances recorded by Tanger Med in recent years have allowed it to outperform the port of Algeciras, once the first in this field. In 2020, the Moroccan port handled nearly 5.8 million TEU containers, an increase of 20% compared to 2019.
Since midnight on Sunday, ferry crossings between the city of Sète and Morocco have been suspended for an indefinite period. The reasons for this decision remain unknown for the moment.
The Tanger Med port will no longer be the only flagship of Morocco on the Mediterranean market. In two years, the one in Nador, whose work is progressing very quickly, will be completed to lead the development of the entire Oriental region.
The current movement that industrial value chains are adhering to could be beneficial for Morocco. In an interview with the MAP agency, Amine Laghidi, president of the Moroccan Association of Exporters (Asmex) center, addresses the challenges of this relocation and the interest of co-industrialization between different economies and the Kingdom.
A long-term credit contract in the form of Project Finance was signed on Thursday, January 7, 2021, with a consortium of Moroccan banks by Tanger Alliance, a subsidiary of Marsa Maroc, Contship Italia, Eurogate International and Hapag Llyod.