Tanger Med Port continues to be leading Mediterranean port

Tanger Med Port has seen volumes handled up 10% in the first quarter this year, compared to last year when it posted a record performance both in terms of containers and tons, wrote Le Monde.

The port continues to be the largest in the Mediterranean, outperforming competitors such as Barcelona and Algeciras, the French daily said in a detailed article.

Tanger Med port widened the gap with its Mediterranean competitors breaking a new record with 8.6 million containers handled in 2023, up 13.4%.

The number of vessels transiting through the port grew 17% to 16900 last year, while the number of trucks that crossed through the port rose 4.15 to 447993.

In terms of tons, the port maintained its position as the Mediterranean’s largest with 122 million tons last year, up 13.6%.

Houthi attacks in the Red Sea meant that the port was registering more traffic this year, a port official told the French paper.

The growth of Tanger Med triggered moves by its competitors to expand capacity, such as Algeciras which plans to spend 1.6 billion euros to double its capacity.

The Port has also spurred industrial activity in its vicinity where 1300 companies operate, taking advantage of skilled and cheap labor, the paper said.