News ID: 70547 |
Publish Date: 14:50 - 02 December 2016

HMM is preferred bidder for Hanjin terminal

South Korea's Hyundai Merchant Marine (HMM) said on Friday it was chosen as preferred bidder to buy a port terminal in Algeciras, Spain, partly owned by Hanjin Shipping.

HMM is preferred bidder for Hanjin terminalAccording to MANA, HMM said in a statement it is expected to finalize its purchase of a 100 percent stake in Total Terminal International Algeciras in late December .
The terminal is able to handle vessels up to 18,000 teu and has eight ship-to-shore cranes, 32 automatic stacking cranes and 22 shuttle carriers.
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