Svitzer, part of the Maersk Group, has been awarded a 20-year concession to provide terminal towage services to the Tanger Med 2 Port in Morocco.
The new contract carries a value of ”several hundred million USD” and calls for a total of 9 vessels by the end of the concession, the company said.
The new container transshipment terminal will be operated by APM Terminals and is scheduled to open in 2019 under the terms of a 30-year concession agreement with the Tanger Med Special Agency (TMSA).
The Tanger Med port complex is located on Africa’s northwest coast near the mouth of the Mediterranean Sea on the Strait of Gibraltar and is the second-busiest container port on the African continent.
The project is said to hold a significant importance for Maersk’s Transport & Logistics division, as Svitzer, APM Terminals and Maersk Line will work in an integrated approach to further improve efficiencies in this location.
“Svitzer and the larger Maersk Group has been an active investor in the Kingdom of Morocco for decades and we are honoured to be availed the opportunity to further serve the resilient and fast growing Moroccan economy, and in particular its world class maritime developments,” said Mohammed Ahmed, Svitzer MD of AMEA region.