Through traffic enabled Algeciras to weather the global crisis, but things are changing, explains Stevie Knight
Hyundai Merchant Marine (HMM) has been chosen as the preferred bidder to buy a terminal in the Spanish Port of Algeciras.
Valencia's association of road haulage owner and drivers, Transcont, has claimed that the APM Terminals box handling facility at the port is in a state of “collapse”.
Port statistics for September show that the Port of Long Beach has been affected by the on-going Hanjin Shipping saga.
The Hanjin Shipping saga is continuing with reports of more fallout affecting ports in the US, Singapore and Australia.
The bankruptcy of the Hanjin Shipping line is already causing turmoil at ports in the US and beyond; cargo continues to be delayed at the point of origin and cargo-laden Hanjin ships are unable to get into ports.
The collapse of Korea’s Hanjin Shipping is set to have a major impact throughout the maritime supply chain, not least on ports and terminals owed millions of pounds in unpaid handling and storage charges.
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