Econostrum | Economic News in the Mediterranean
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Morocco cancels all flights with France and Spain - 03/30/2021

MOROCCO / SPAIN / FRANCE. Moroccan authorities are suspending all flights to and from Spain and France and closing the borders of Ceuta and Melilla.

Alstom wins €1.4bn contract to supply 152 trains to Spanish operator Renfe - 03/29/2021

SPAIN / FRANCE. Alstom announces the signature of a contract worth more than €1.4 billion with Renfe, the Spanish rail operator, for the supply of 152 high-capacity trains from its X'Trapolis range.

Bailing out Ever Given frees up Suez Canal traffic - 03/29/2021

EGYPT. The Panamanian-flagged container ship Ever Given has finally been refloated. Traffic will be able to resume, gradually, on the Suez Canal.

Suez Canal traffic blocked by grounded ship - 03/24/2021

EGYPT. A container ship ran aground in the middle of the Suez Canal and is blocking traffic on its North-South axis, where 10% of the world's maritime trade passes.

Volotea positions itself in Algeria by opening eight routes serving seven Algerian cities - 03/15/2021

FRANCE / ALGERIA. The Catalan airline is adding Algeria to its destinations with eight new flights starting in mid-September 2021 from Marseille, Bordeaux and Lyon.

Gefco inaugurates a 10,000 m² warehouse in Tanger Med - 02/22/2021

MOROCCO / FRANCE. The French group Gefco strengthens its position on the Moroccan market by inaugurating a new 10,000 m² warehouse in the Tanger Med logistics free zone.
version française

French skies turn scarlet red with the abyssal losses of Air France, ADP and Airbus - 02/18/2021

FRANCE. Air France announces a loss of €7.1 billion in 2020, while ADP loses 60% of its passengers and Airbus revenues decline by 29%. version française

CMA CGM obtains management of the future port of Alexandria terminal - 01/28/2021

EGYPT / FRANCE. CMA CGM will manage and operate Pier 55, the future multipurpose terminal at the port of Alexandria.

The health crisis in the Maghreb impacts the results of the port of Marseille - 01/25/2021

FRANCE. If the Grand Port Maritime de Marseille-Fos finally resisted well to the sanitary crisis on its goods segment, passenger transport has been hit hard by travel restrictions.

Tanger Med injects €133m into its third container terminal - 01/11/2021

MOROCCO. Tanger Alliance signs a €133m long-term credit agreement to finance part of the construction costs of the third container terminal in the port of Tanger Med.

Historic first flight between Tel Aviv and Rabat - 12/22/2020

MOROCCO / ISRAEL. Jared Kushner, Donald Trump's son-in-law and senior advisor, was aboard the first direct commercial flight between Tel Aviv and Rabat symbolizing the new diplomatic relations between Israel and Morocco. version française

Ouigo starts selling his first Madrid-Barcelona tickets - 12/09/2020

FRANCE / SPAIN. Ouigo launches the sale of its first train tickets on the Spanish domestic market, between Madrid and Barcelona. version française

La Méridionale opens a maritime line between Marseille and Tanger Med - 12/01/2020

FRANCE / MOROCCO. The shipping company La Méridionale will offer, as from Wednesday 2 December 2020, a regular freight and passenger shipping line between Marseille and Tanger Med.

"The virus did not win against the ports", says Bernard Valero, Avitem's general manager - 11/06/2020

MEDITERRANEAN. Speaking at a webinar, Bernard Valero, Director General of the Agency for Sustainable Mediterranean Cities and Territories, noted the resilience of ports in the face of Covid-19.

AFD participates in financing the extension of the Casablanca tramway - 11/04/2020

MOROCCO / FRANCE. Agence Française de Développement and Casa Transport en Site Aménagé sign a MAD 1.1 billion (€100m) loan agreement for the construction of two new lines of the Casablanca tramway.
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