Stena invests in Moroccan ferry company

2024-04-14T14:22:25+00:00 April 14th, 2024|Marketing|

Stena Line is to acquire 49% of the shares in Morocco based ferry company, Africa Morocco Link (AML).

AML is headquartered in Tangier and operates a ferry route between Tanger Med and Algeciras. This summer, the company will also launch a new highspeed route between Tangier Ville and Tarifa.

The first route caters for freight and travel customers, while the second will be for passengers and cars.

“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,” Niclas Mårtensson, Stena Line CEO explained.

“These routes, their ports, and the surrounding industries are under development and expected to drive a healthy freight market growth in the coming 10 years. It’s a very exciting area to be able to operate in,” he said.

The agreement is still subject to approval by the Moroccan authorities.