trends in the maritime industry in morocco -...
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50.000
70.000
90.000
110.000
130.000
150.000
2010 2011 2012 2013 2014 2015 2016 2017
Global cargo throughput (x 1.000 tons)Tanger Med Port traffic excl. Tanger Med
Source: ANP, TMSA, Ministry Transport & Logistics
0,0
1,0
2,0
3,0
4,0
5,0
2010 2011 2012 2013 2014 2015 2016 2017
Container throughput (Million TEU)
Port traffic excl. Tanger Med Tanger Med
Maritime trade on the riseBy 2030 volume is expected to be increased threefold
After opening Tanger Med 2 (+ 5 mln. TEU) in 2019 Morocco will boast thelargest container port in Africa
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1.538
1.688
2.770
2.964
3.850
1.854
1.678
2.666
3.080
3.959
- 500 1.000 1.500 2.000 2.500 3.000 3.500 4.000 4.500
Lagos (Nigeria)
Alexandria (Egypt)
Durban (South Africa)
Tanger Med (Morocco)
Port Said (Egypt)
Container throughput largest African ports (1000 TEU)
2014 2015
Source: Lloyd’s List
58%23%
14%
1%
4%
Maritime trade by type of product*2017
Bulk goods
Liquid goods
Containers
RoRo
Other
Majority of products through Moroccan ports are bulk goodsLargest increase in container trade
20.000
25.000
30.000
35.000
40.000
45.000
2010 2017
Total maritime trade bulk goods (1000 tons)
15.000
20.000
25.000
2010 2017
Total maritime trade liquid goods (1000 tons)
6.000
7.000
8.000
9.000
10.000
11.000
12.000
13.000
2010 2017
Total maritime trade containers* (1000 tons)
Note: (*) excluding transshipment, including cabotageSource: ANP
3,2% 0,0%
7,0%
37,1%
35,4%
7,4%
5,9%
0,1% 3,2% 0,8%
Morocco global traffic by sea port, 2017 (%)
NADOR
TANGER VILLE
MOHAMMEDIA
CASABLANCA
JORF-LASFAR
SAFI
AGADIR
TAN-TAN
LAAYOUNE
DAKHLA
Source: ANP
Global Traffic per Port, 2017 (in Tons)(excluding Tanger Med)
Casablanca largest port in Morocco
SEA PORT TOTAL
2017 2016 2017/2016
CASABLANCA 31.002.476 27.715.296 +11,9%
JORF-LASFAR 29.598.292 26.091.046 +13,4%
MOHAMMEDIA 5.889.750 5.721.470 +2,9%
SAFI 6.152.651 5.969.178 +3,1%
AGADIR 4.971.334 4.918.325 +1,1%
LAAYOUNE 2.661.138 2.819.625 -5,6%
NADOR 2.686.745 3.469.373 -22,6%
DAKHLA 650.257 653.614 -0,5%
TAN-TAN 51.136 40.756 +25,5%
TANGER VILLE 5.236 5.038 +3,9%
TOTAL 83.669.015 77.403.721 +8,1%
Source: ANP
Moroccan ports
Source: ANP
▪ Three main ports in Morocco for container traffic: Casablanca, Agadir, and Tangier Med.
▪ Other ports used mainly for break-bulk and conventional cargo, such as Safi, Jorf Lasfar, Dakhla, Laayoune, Nador.
▪ All ports are undergoing continuous development and upgrading in terms of both equipment and infrastructure.
▪ Period 2017 – 2021 6 billion dirham (550 million euro) investments in upgrading, modernizing and expanding Morocco’s port capacity (excluding Tanger Med and NadorWest Med)
▪ Main investments in the ports of Casablanca and Mohammedia
Morocco’s main commercial ports
2769
2271
267
184
115 112
10658
5032
15
Total investments by port 2017 – 2021
Mohammedia
Casablanca
Sidi Ifni
Al Hoceima
Tan Tan
Agadir
Essaouria
Cala Iris
Safi
Laayoune
Ras Kebdana
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651 1.047
520 446 1.023 743 899 746
2.754
1.532
2.700
1.263
1.595
2.389
1.218
2.892
3.371 2.994
3.144
1.824
1.320
2.177
1.518
589
95 418
3.200
2.183
0
1.000
2.000
3.000
4.000
5.000
6.000
7.000
8.000
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017p 2018p
Public investments in Morocco's ports
(million dirhams)
ANP TMSA NWM
Majority of public port investmentsfor developing Tanger Med (TMSA)
Note: (p) provisional budgetSource: Ministry of Finance
Port investments divided between new ports, integrationof ports with cities, and extension of existing ports
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Construction of six new major ports between 2016 - 2020Total costs 40 billion dirhams (3.5 billion euro)
1 billion euro 800 million euro 1 billion euro 360 million euro 550 million euro 700 million euro
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Investments in port dredgingImproving competiveness and connectivity
▪ Annually 2.0 – 2.5 million cubic metres, mainly sand▪ 70% dredging activities in Southerns ports (coastline between Safi and Dakhla)▪ Annual budget ANP 137 million dirham (12.5 million euro)▪ Largest local dredging company is Drapor
Current shipyards in MoroccoMain focus on building & repairing fishing vessels
▪ Chantier Naval de l’Afrique (Tan Tan):▪ Founded in 1984▪ Part of Groupe Ominum Marocain de Pêche (OMP)▪ Building primarily fishing vessels for OMP
▪ Chantiers et Ateliers du Maroc (Casablanca):▪ Founded in 1944▪ Surface shipyard 10.000 m2 (7.000 m2 workshops)▪ Yard capacity for vessels up to 20.000 tonnes▪ Primarily repair & maintenance (fishing) vessels▪ Annual turnover (2014 145 million dirham
▪ Chantier Naval Agadir Founty (Agadir):▪ Founded in 2002▪ Building and repairing mainly fishing vessels
Total turnover Moroccan shipyards currently 300 – 500 million dirhams
New long term strategy for shipbuilding industry in MoroccoTotal public and private investments necessary is 4.5 billion dirhams
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2567
2114
1739
788
663 656
550
336 312238 224 211 208 201
158
0
500
1.000
1.500
2.000
2.500
3.000
Marsa Maroc* TMSA ANP APM Tanger Inter Shipping Eurogate
Tanger
Somaport** CMA CGM
Comanav
MSC Maroc Boluda
TangerMed
FRS Maroc Bollore Drapor Petrocab Marcab
Turnover main maritime companies, 2016 (million dirham)
Note: (*) partly privatised in 2016, (**) estimate MEYSSource: Maroc1000.net, Ministry of Finance
Three largest maritime companies are (semi-)public entitiesTerminal operators have the largest turnover; foreign companies dominate Moroccanmaritime industry
With 5% of total maritime transport cabotage is still relativelylimitedA long coastline with dozens of ports gives strong opportunities
Ports with cabotage
1.300.000
2.300.000
3.300.000
4.300.000
2014 2015 2016 2017
Cabotage Moroccan ports* (tons)
Import Export
Note: (*) excluding Tanger MedSource: ANP
▪ Cabotage mainly oil products (from Mohammedia)▪ Moroccan companies active in cabotage (oil products):
Petrocab, Marcab
Cabotage of oil products
Rail network
Modal split container transport Port of CasablancaMain focus on road transport
1%
Import volume containers Port of Casablanca: 494.180 TEU (2017)
Rail Road
Sea (cabotage) 86%13%
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d’Amico Dry Maroc (subsidiary Italian company d'Amico Società di Navigazione) operates a cabotage line between ports Agadir-Casablanca-Tanger Med
Daughter company of CMA CGM OPDR expanded her short sea shipping route May 2016 between Northern Europe and Morocco
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Use of feeders limited in MoroccoOnly Maersk uses feeders between Casablanca – Tanger Med
Source: ALG
Strong trade connections between Tanger Med and the rest of the world including 34 ports in 19 West African countries
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Great potential as regional maritime hubExpanding trade with Africa
Source: Office des Changes
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59,9% 62,6% 66,7%
5,8%6,4%
6,1%21,1%19,0%
16,9%
12,9% 11,8% 10,0%
0,4% 0,3% 0,4%
0%
20%
40%
60%
80%
100%
2011 2013 2016
Total foreign trade Morocco by continent (%)
Oceania
America
Asia
Africa
Europe