{"id":10382,"date":"2016-11-25T12:01:00","date_gmt":"2016-11-25T12:01:00","guid":{"rendered":"https:\/\/portstrategy.nfdtesting.uk\/greenport\/2016\/11\/25\/hmm-preferred-bidder-for-hanjins-spain-terminal\/"},"modified":"2026-08-27T14:58:31","modified_gmt":"2026-08-27T13:58:31","slug":"hmm-preferred-bidder-for-hanjins-spain-terminal","status":"publish","type":"post","link":"https:\/\/www.portstrategy.com\/greenport\/news\/europe\/hmm-preferred-bidder-for-hanjins-spain-terminal\/","title":{"rendered":"HMM preferred bidder for Hanjin\u2019s Spain terminal"},"content":{"rendered":"<p>It is expected to finalise its 100% stake in Total Terminal International (TTI) Algeciras from Hanjin Shipping by the end of this year.<\/p>\n<p>The terminal is a strategic logistic hub and serves as the intersecting point of the route connecting Europe with South America, and the other route linking Asia with North America.<\/p>\n<p>A HMM statement said: \u201cHMM looks forwards to expanding terminal business and building a long-term growth drive with the new terminal.&#8221;<\/p>\n<p>&#8220;It is planning to boost the competitiveness of the company by taking over additional Hanjin Shipping\u2019s lucrative assets and constructing new vessels.\u201d<\/p>\n<p>The 357,750\u33a1 large terminal has an annual capacity of 1.86m TEU and can containerships with over 10,000 TEU.<\/p>\n<p>HMM will be allowed to use the terminal until July 2040 upon the lease contract with the Algeciras port authority.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hyundai Merchant Marine (HMM) has been chosen as the preferred bidder to buy a terminal in the Spanish Port of Algeciras.<\/p>\n","protected":false},"author":8,"featured_media":10383,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15],"tags":[],"sponsor":[],"class_list":["post-10382","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-europe"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/10382","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/comments?post=10382"}],"version-history":[{"count":1,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/10382\/revisions"}],"predecessor-version":[{"id":10384,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/10382\/revisions\/10384"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media\/10383"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media?parent=10382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/categories?post=10382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/tags?post=10382"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/sponsor?post=10382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}