Hanjin inks Algeciras deal
The South Korean shipping line Hanjin has been allocated the concession to operate a new transhipment container terminal on Isla Verde quay at the port of Algeciras.
It will invest ¢55.3m ($80.2m) in the venture, which is hoped will boost the shipping line’s trade with Africa.
The new terminal will be operational in 2010 and cover an area of 292,000 sq m. The 1,200 metre quay will be equipped with three berths, while the terminal as a whole will have a capacity of 1.5m teu.
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