New ferry service connects Morocco to Europe

Moroccan and pan-African banking group BMCE Bank Of Africa Group and Attica Holdings S.A., a subsidiary of Marfin Investment Group, have entered an agreement to operate scheduled ferry services from Morocco to Europe through the newly established Moroccan company called the Africa Morocco Links (AML).

Attica Group will hold a 49% participation in the new company, while 51% will be held by a group of Moroccan shareholders led by BMCE Bank Of Africa Group.

The Tangier Med (Morocco) – Algeciras (Spain) route was inaugurated on June 17, 2016 with the 1988-built vessel Diagoras.

The company said that the 141-meter long ferry would be on the route by a second vessel a few days later, adding that a number of preparatory initiatives “are currently underway for the launch of additional routes between Morocco and Europe.”

The annual traffic volumes between Morocco and Europe are estimated at around four million passengers, one million private vehicles and 260,000 freight units, according to Attica.

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