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HMM To Expand Its Algeciras Terminal As Transhipment Hub
Image for representation purposes only. South Korean Carrier HMM submitted plans to expand its terminal in Algeciras, Spain. The plan, which was lodged with the Algeciras Port Authority, outlines €150m ($177m) expansion project. HMM will invest €35m, and the rest will be funded by CMA CGM, the second-largest shareholder of the terminal, along with external financing. The facility handles HMM’s flagship 24,000 TEU megamax vessels, including the H…
The surcoerana firm will expand its facilities by 160,000 square meters, with which it will be able to move every year half million more containers, to reach 2.1 million TEUs
The project of expansion of the dock is one of the most expected projects by the harbour authority The workers of the Corporation of Practicals of the Port of Algeciras, to the strike in full Operation Pass of the Strait
The company plans an investment of €150 million, which will increase its handling capacity by half a million TEUs. Hyundai Merchant takes the first step toward expanding the TTI Algeciras terminal with part of Phase B of Isla Verde.
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energynewsbeat.coHMM moves to expand Algeciras terminal
South Korean carrier HMM has submitted a letter of intent to expand its terminal in Algeciras, Spain. The plan, lodged with the Algeciras Port Authority, outlines an €150m ($177m) expansion project. HMM itself will invest €35m, with the remainder funded by CMA CGM, the terminal’s second-largest shareholder, along with external financing. The terminal, TTIA, is …
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