New Ferry Service Connects Morocco to Europe

Attica Group 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 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 Tanger 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 4 million passengers, 1 million private vehicles and 260,000 freight units, according to Attica.