CMA CGM buys into HMM’s Algeciras terminal

HMM has sold CMA CGM a 50% stake minus one share in Total Terminal International Algeciras (TTI Algeciras), a container terminal with a 1.6m teu annual capacity in the south of Spain. The financial details have not been disclosed between the two liners. An HMM official commented, “TTI Algeciras has a great geographical advantage to …

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