Tangier Med Port bucks trend as box volume rises 22pc in first half
MOROCCO's Tangier Med Port ended the first half of 2020 with positive economic indicators, posting a two per cent increase in revenue to MAD1
MOROCCO's Tangier Med Port ended the first half of 2020 with positive economic indicators, posting a two per cent increase in revenue to MAD1.16 billion (US$127 million), reported Morocco World News.
While the reduced passenger traffic negatively impacted the port's activity, an increase in cargo traffic made up for the lost income with container traffic rising 22 per cent to 2.7 million TEU.
According to the report, the turnover at the Tangier Med Port 1, reserved for passenger traffic, reached MAD886 million at the end of June 2020. Compared to the MAD996 million recorded during the same period in 2019, the port's turnover decreased by 11 per cent.
Meanwhile, the Tangier Med Port 2, reserved for cargo traffic, recorded a turnover of MAD277 million in the first six months of 2020. The figure represents a 100 per cent increase compared to the MAD139 million recorded at the end of June 2019.
In contrast, international road transport activity, carried out by trucks, reached only 160,000 units at the end of June 2020, marking an 18 per cent annual decrease.
In the second quarter of 2020, marked by a nationwide lockdown due to Covid, international road transport activity through the port fell 46 per cent year on year.