We value your privacy

We use cookies to enhance your browsing experience, serve personalized ads or content, and analyze our traffic. By clicking "Accept All", you consent to our use of cookies. Cookie Policy

Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

ADVERTISEMENT
Africanian
  • News
  • News 24/7
  • Politics
  • Business
  • Health
  • Sports
  • Travel
  • World
    • US
    • Russia
    • Europe
    • Asia
    • America
  • Events
No Result
View All Result
Africanian
No Result
View All Result
Home Business

Morocco: Tangier Med Port Maintains Positive Turnover Despite COVID-19 Crisis

At the end of June 2020, the overall turnover of the Tangier Med Port reached MAD 1.16 billion ($127 million), marking an increase of 2% compared to the same period in 2019.

in Business
Reading Time: 2 mins read
0 0
0
Morocco: Tangier Med Port Maintains Positive Turnover Despite COVID-19 Crisis
16
SHARES
Share on FacebookShare on TwitterShare via Whatsapp

Rabat – The Tangier Med Port ended the first half of 2020 with positive economic indicators, despite the COVID-19 crisis. While the reduced passenger traffic negatively impacted the port’s activity, an increase in cargo traffic made up for the lost income.

The Tangier Med Special Agency (TMSA) published its financial report for the first half of 2020 on Monday.

According to the report, the turnover at the Tangier Med Port 1, reserved for passenger traffic, reached MAD 886 million ($97 million) at the end of June 2020. Compared to the MAD 996 million ($109 million) recorded during the same period in 2019, the port’s turnover decreased by 11%.

Meanwhile, the Tangier Med Port 2, reserved for cargo traffic, recorded a turnover of MAD 277 million ($30 million) in the first six months of 2020. The figure represents a 100% increase compared to the MAD 139 million ($15 million) recorded at the end of June 2019.

The port witnessed a 22% annual increase of container traffic in the first half of 2020 to reach its new record turnover. According to the financial report, container traffic in the port reached 2.7 million twenty-foot equivalent units (TEU).

More

Beijing to Host 3rd China International Supply Chain Expo in July 2025

AfriLabs and ATU Sign Landmark Deal to Accelerate Digital Innovation Across Africa

Kenya turns resources into results: the economy grows and strengthens

In contrast, international road transport activity, carried out by trucks, reached only 160,000 units at the end of June 2020, marking an 18% annual decrease. In the second quarter of 2020, marked by a nationwide lockdown due to COVID-19, international road transport activity through the port fell by 46% compared to the second quarter of 2019.

Investments and partnerships to face COVID-19

Overall, the Tangier Med Port was able to resist the COVID-19 crisis, keeping its financial indicators in the green. The relatively positive figures allowed the TMSA to continue its infrastructure investments as planned.

In the first six months of 2020, the agency invested a budget of MAD 237 million ($26 million) for infrastructure, roads, and network upgrades. During the second quarter of 2020, marked by the COVID-19 pandemic, the TMSA was able to allocate MAD 84 million ($9 million) for investments.

One of the main highlights of the Tangier Med Port in the first half of 2020 was joining an international network of major ports to guarantee the continuity of global supply chains. The network included the ports of Singapore, Rotterdam, Shanghai, Antwerp, Busan, Hamburg, and Long Beach.

The Tangier Med Port also strengthened its collaboration with the Port of Algeciras to ensure the continuity of import-export operations across the Strait of Gibraltar.

Source: moroccoworldnews.com
africanian

africanian

  • Trending
  • Comments
  • Latest
Jump Shot: The NBPA x UM6P Innovation Challenge – A Game-Changer for African Entrepreneurs

Jump Shot: The NBPA x UM6P Innovation Challenge – A Game-Changer for African Entrepreneurs

March 24, 2025
From AI and climate tech to gender inclusion and digital skills, AfriLabs’ initiatives directly reached over 280,000 startups, entrepreneurs, and youth,

AfriLabs Expands to 514 Innovation Hubs Across Africa, Impacting Over 280,000 Entrepreneurs in 2024

July 19, 2025
AfriLabs and ATU Sign Landmark Deal to Accelerate Digital Innovation Across Africa

AfriLabs and ATU Sign Landmark Deal to Accelerate Digital Innovation Across Africa

July 19, 2025
Beijing to Host 3rd China International Supply Chain Expo in July 2025

Beijing to Host 3rd China International Supply Chain Expo in July 2025

July 19, 2025
AfriLabs and ATU Sign Landmark Deal to Accelerate Digital Innovation Across Africa

AfriLabs and ATU Sign Landmark Deal to Accelerate Digital Innovation Across Africa

July 19, 2025
From AI and climate tech to gender inclusion and digital skills, AfriLabs’ initiatives directly reached over 280,000 startups, entrepreneurs, and youth,

AfriLabs Expands to 514 Innovation Hubs Across Africa, Impacting Over 280,000 Entrepreneurs in 2024

July 19, 2025
Twitter Instagram Youtube Facebook
No Result
View All Result

Africanian News

Is a dedicated project aimed at amplifying the voices of the African Ecosystem and Diaspora. We actively collaborate with initiatives to improve access to education and digital inclusion, both in traditional schools and through digital platforms, for African children.

It’s crucial to emphasize that none of the articles or images featured on our platform are intended for copyright infringement, neither now nor in the future. If you believe that any information, text, image, etc., may be subject to copyright and should be removed, please notify us by sending an email to info@africanian.com

Your dreams matter; your stories matter.

Feel free to explore collaboration opportunities with us. Share your articles, thoughts, interviews, experiments, or no-comment videos by reaching out to info@africanian.com. You can also subscribe to our mailing list to receive the latest updates from Africanian News.

© 2024 Africanian News: From Africa, by Africans, for Africa, and friends of Africa.

No Result
View All Result
  • News
  • Politics
  • Business
  • Health
  • Sports
  • Entertainment
  • Tech
  • Travel
  • World

© 2024 Africanian News: From Africa, by Africans, for Africa, and friends of Africa.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Log In

Sign In

Forgot password?

Don't have an account? Register

Forgot password?

Enter your account data and we will send you a link to reset your password.

Back to Login

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Accept

Add to Collection

  • Public collection title

  • Private collection title

No Collections

Here you'll find all collections you've created before.