APM Terminals has announced that it will be the operator of a new container transhipment terminal at the Tanger Med 2 port complex.
The new terminal will have annual capacity of five million TEUs and the total investment in the new terminal is expected to be over €758m.
“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,” said Kim Fejfer. APM Terminals CEO.
The new terminal is scheduled to open in 2019, under the terms of a 30-year concession agreement with the Tanger Med Special Agency (TMSA), which has responsibility for the development and management of the Tanger Med port complex.
Mr Fejfer added: “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.”
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.
With up to 2,000m of quay length, the new terminal will feature state of the art technology which was pioneered at the APM Terminals Maasvlakte II Rotterdam terminal in 2015.
APM Terminals Algeciras, on the Spanish side of the Strait of Gibraltar, operates in tandem with APM Terminals Tangier as an integrated Western Mediterranean transshipment hub.
Together the facilities provide a natural transhipment location for cargoes moving on vessels to and from African from Europe and the Far East.
