APM Terminals Launches Its Second Terminal At Medport Tangier
APM Terminals inaugurated its second terminal in Morocco, MedPort Tangier this week. Part of the Tanger Med Port complex has an annual capacity of 5 million TEUs (twenty-foot equivalents).
Morocco is establishing itself as one of the most important transshipment locations in the world with this new capacity. Tanger Med Port is already ranked as the leading African port and is comes among the world’s top 50 container ports because of its prime location along key trade lanes and increasing cargo flows, to and from Africa.
It took two years and a total investment of USD 800m in the construction of the state-of-the-art APM Terminals MedPort Tangier facility. APM terminals designs, constructs and operates this new transshipment terminal, and will join existing hub facilities servicing Maersk and its partners. It has been built utilizing the latest technology, the terminal is set to be one of the most efficient and safest in the world.
Morten H. Engelstoft, Chief Executive Officer of APM Terminals commented: “APM Terminals has a long-term relationship with Morocco and we are proud to be operating the second container terminal in the Tanger Med Port complex. APM Terminals MedPort Tangier is a key junction in our global network allowing us to serve our customers better and further facilitate global trade.”
The new facility will support Tanger Med Port to increase its annual throughput capacity to nine million TEUs, helping to improve Moroccan connectivity and further support global trade.
Morocco has seen GDP growth of 4.1% and has a positive outlook for containerized imports and exports and it is expected for the significant growth in the upcoming years. Through the Strait of Gibraltar daily, approximately 200 cargo vessels passes with major liner services linking Asia, Europe, the Americas, and Africa. The quay length is 1,200 meters and a draft of 16 to 18 meters, APM Terminals MedPort Tangier is able to facilitate the largest vessels.