HMM 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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