By Gavin van Marle (The Loadstar)– Today’s opening of a brand-new container terminal at the Moroccan center of Tangiers is most likely to bring alleviation to a West Mediterranean transhipment market striking unsafe exercise degrees.

Maersk’s incurable operating subsidiary, APM Terminals, opened its 2nd Tangier Med center, including 5m teu capability to the marketplace as well as taking total capability at the port to 9 million teu.

Neil Davidson, elderly expert of ports as well as terminals at Drewry, rejected any type of concerns this might produce overcapacity amongst the area’s box ports.

According to Drewry information, APMT’s Algeciras as well as existing Tangier centers are running at 95% capability; Eurogate’s Tangier incurable at over 85%; HMM’s Algeciras center at over 80%; as well as MSC’s transhipment procedures at Valencia as well as Sines at 90% as well as 80%, specifically.

“They have little scope to accommodate market growth,” he stated, “plus there are still even more ULCVs coming, which must enhance the demand for transhipment in the West Med, reproducing what existing ULCV solutions are doing.

“As ever though with transhipment terminals, backing by a major shipping line/alliance is critical to success and viability,” Mr Davidson clarified.

The building and construction of APMT’s Med Port Tangier took 2 years as well as stood for financial investment of $800m.

“This new transhipment terminal will join the hub facilities servicing Maersk and its partners’” statedMaersk “Built utilising the latest technology, the terminal is set to be one of the most efficient and safe in the world.”

Morten Engelstoft, president of APMT, included: “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. MedPort Tangier is a key junction in our global network, allowing us to serve our customers better and further facilitate global trade.”

According to Aplhaliner information, Tangier port took care of 3.47 m teu in 2018, a 4.1% rise on the previous year. And Mr Davidson included that the brand-new terminal would certainly “accelerate the trend in Mediterranean of consolidation of transhipment box ports into a few larger hubs”.

He included: “Also, you have the clear fad that smaller sized centers are battling, as an example Cagliari is currently out of the video game as well as the terminal shut as well as Malaga left the marketplace– although it has actually returned to on a little range with support from Maersk.

“The trend is for a smaller number of bigger hubs, and Tanger Med is set to become the biggest West Med one in time, given that the bidding for a third terminal at Algeciras did not get any takers.”

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