Tanger Med II welcomes new investor
The German carrier Hapag-Lloyd has an eye on the maritime development in North Africa. The Hamburg (Germany)-based company has invested in shares of the affiliate of Marsa Maroc that has been entrusted with the construction and management of one of the two new terminals of Tanger Med II.
Marsa International Tanger Terminals (Mintt), a subsidiary of Marsa Maroc, will now change its brand to Tanger Alliance. Hapag-Lloyd has thus acquired up to 10% of the shares of Tanger Alliance. Following this transaction, Marsa Maroc holds a 50% stake in the company plus one share. Subsequently, the rest (40% minus one share) belongs to Eurogate International and Contship.
To recapitulate, the Morrocan port received just in June this year the green light for the construction of its third phase of development, Tanger Med II.
In addition to Tanger Med I (3.4 million teu in 2018), opened in 2007, the two new container terminals will provide an additional annual capacity of 6 million teu. Thus, with its capacity of 9 million teu, Tanger is on the verge of becoming a member of the top-twenty family of global container ports. (fd)