Headquartered in Tangier, Africa Morocco Link (AML) currently operates a ferry route between Tanger Med and Algeciras. The company is set to launch a new high speed route between Tangier Ville and Tarifa; the first route is open for freight and travel customers while the second route will be for passengers and cars.
Niclas Mårtensson, CEO at Stena Line: “We are always looking to secure new business opportunities that will make us last and be resilient in the long run.
The strait of Gibraltar is a strategic location for passengers travelling between Africa and Europe as well as for global trade, and freight volumes in the area are expected to grow in the upcoming years due to the positive industrial growth and international trade in Morocco.”
He added: “These routes, their ports, and the surrounding industries are under development and expected to drive a healthy freight market growth in the coming ten years. It’s a very exciting area to be able to operate in.”
The agreement, for a 49% stake in the business, is subject to approval by the Moroccan authorities.