
HMM Plans Expansion of Algeciras Terminal as Transshipment Hub
HMM, citing the growing influence of investment companies and carriers in terminals, reports it is looking to expand its role, starting with Spain’s Algeciras. It cites the port’s role as a transshipment hub, which has increased as vessels diverted away from the Red Sea in 2024 and other European ports continue to experience congestion. HMM acquired the Algeciras Container Terminal (TTIA) in 2017 and owned 100 percent of the operation until selling a half stake to CMA CGM...
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