The new terminal is owned by APM Terminals Tangier SA in a 90:10 partnership with the Akwa Group, a Casablanca-based company with a diversified portfolio of interests. Strategically located on one of the world’s most important shipping arteries, it will serve global trade in Morocco and the Western Mediterranean market.
Over 200 vessels a day pass through the Straits of Gibraltar, transiting on north–south and east–west liner trade routes. According to APMT, shipping lines will benefit from Tangier’s direct access to the main shipping lane, a deepwater port capable of handling the largest container ships in the world and the newest, most advanced container handling equipment.
Kim Fejfer, CEO of APM Terminals International, based in the Netherlands, stated: “Our vision is to offer our customers more options and solutions in the Straits of Gibraltar, giving them a competitive edge in world markets. The new terminal expands our global terminal portfolio in one of the world’s most important shipping lanes.”