Location, location, location.
Situated just 60 km apart on opposite sides of the Strait of Gibraltar at the meeting point of two seas and two continents, the ports of Tangier and Algeciras serve as a major distribution point for billions of dollars in trade.
To ensure this vital hub can continue its role in global supply chains for the next several decades, APM Terminals is investing EUR 758 million in a new terminal in Tangier, which will be called APM Terminals MedPort Tangier.
Location, location, location.
Over 200 container ships pass through the Strait of Gibraltar every day, linking trade moving between Asia, Europe, USA and Africa. It’s a major transshipment hub.
“Over 200 container ships pass through the Strait of Gibraltar every day, linking trade moving between Asia, Europe and Africa. It’s a major transshipment hub,” says Theo Dersigni, Business Development Manager for the MedPort Tangier project.
“Shipping lines need Algeciras and Tangier in this region to ensure goods make it to their final destinations, often small or niche ports where larger vessels cannot go. The investment in this new terminal will ensure we have the capacity and equipment to handle the largest ships and trade growth expectations in the region for the next several decades,” says Dersigni.
Pivot point for trade
The strategic location of these ports makes them ideal as distribution points for cargo moving between East and West and to and from Africa. Today, APM Terminals Algeciras and APM Terminals Tangier operate as an integrated Western Mediterranean transshipment hub.
“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,” says Kim Fejfer, CEO of APM Terminals.
“This new terminal investment shows our strong commitment to investing in trade and improving supply chains in the West Mediterranean market. Morocco and its port arm, Tangier Med Special Agency, 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,” Fejfer adds.
Maersk Line is a key customer of APM Terminals Algeciras and Tangier and heavily reliant on this particular hub for the functioning of its global network. It will be an important customer of the new terminal as well.
“The new terminal investment ensures this strategic transshipment location continues to enable us to utilise the scale of our vessels and our network more efficiently,” says Niels Borgen, Maersk Line’s Head of Network Strategy.
Innovation and jobs
APM Terminals MedPort Tangier will have up to 2,000 metres of quay length, enough space to serve four 18,000 TEU container ships simultaneously and is expected to leverage some of the technology that has been developed in the APM Terminals Maasvlakte II terminal in Rotterdam.
The new terminal in Tangier will also create jobs, primarily during the construction of the yard and buildings along with the installation of the container handling equipment and necessary technology. However, it will also lead to new jobs in connection with equipment operation and in office jobs in the new commercial and operational organisation that will be created once the port is ready for operation in 2019.