HMM and TTI Algeciras have solidified their strategic cooperation following the official approval of the Phase B expansion project at the Port of Algeciras. This development marks a significant milestone in the long-term relationship between the South Korean carrier and the terminal operator, aimed at enhancing transshipment capabilities in Southern Europe. The partnership supports HMM’s broader strategy to secure a competitive edge on European trade routes while managing its expanding fleet through a dedicated Mediterranean hub.
The collaborative project involves a €150m investment to extend the terminal by 160,000 square meters at the Isla Verde Exterior. This expansion is set to increase TTI Algeciras’s annual handling capacity from 1.6 million to 2.1m TEUs by 2028, with a future target of 2.8 million TEUs. As part of this renewed commitment, the terminal’s operating concession has been extended until 2065, providing a stable foundation for HMM and its partners to grow their logistics operations over the coming decades.
This infrastructure growth allows the semi-automated terminal to service the world’s largest container vessels, benefiting both the Spanish import/export market and global trade flows through the Strait of Gibraltar. Supported by shareholders HMM and CMA CGM Group, the expansion ensures that TTI Algeciras remains a high-capacity, common-user facility. The visit by HMM leadership underscores the ongoing synergy between the shipping line and the terminal as they work toward sustainable maritime development.