Friday, April 1, 2016

New Container Transhipment Terminal Destined to Shift Millions of TEUs of Freight

Multiple Trades to be Served by Expansion of Facilities
Shipping News Feature
MOROCCO – Port operator APM Terminals is to develop a new container transhipment terminal in at the Tanger Med 2 port complex to complement the current operations of the existing APM Terminals Tangier facility. With an expected annual capacity of five million TEUs and a projected investment of €758 million, the new APM Terminals MedPort Tangier is expected to become operational in 2019, serving multiple trades and will be operated under a 30-year concession agreement.

The Tanger-Med port complex is strategically located on Africa’s northwest coast near the mouth of the Mediterranean Sea on the Strait of Gibraltar, where the Atlantic Ocean and Mediterranean Sea meet. Tanger-Med is the second-busiest container port on the African continent after Port Said, Egypt. The new APM Terminals MedPort Tangier terminal is expected increase the port’s total annual throughput capacity to over nine million TEUs.

APM Terminals already operates the APM Terminals Tangier facility at Tanger Med 1 port, which started operations in July 2007 and handled 1.7 million TEUs in 2015. The new facility at the Med 2 complex will feature state of the art technology and have up to 2,000 metres of quay length. APM Terminals CEO Kim Fejfer, said:

“APM Terminals has been in Morocco since the creation of our first company APM Terminals Tangier in March 2005 in partnership with AKWA Group and the start of port operations in July 2007. Today’s announcement shows our strong commitment to investing in trade and improving supply chains in the West Med market. Morocco and its port arm, TMSA, have been very supportive of APM Terminal’s vision for the West Med. APM Terminals MedPort Tangier will bring important innovation and future capacity into the West Med market on one of the world’s most strategic seaways – the Strait of Gibraltar.”

Photo: Work at Tangier port carries on into the night.