The visit reinforces the shipping line’s commitment to its investment in the Port of Algeciras and follows the recent approval of the expansion project, which will increase capacity to 2.1 million TEUs.
TTI ALGECIRAS has welcomed the strategic visit of the CEO of HMM, Won Hyok Choi, accompanied by the Senior Executive Vice President, Jung Yub Lee and the Managing Director of the European Head Quarter, Seung Hwan Seo, forming a three-member delegation, as part of an agenda focused on gaining first-hand insight into the Port of Algeciras Bay, its recent evolution and the main projects currently under development.
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This visit marks a significant milestone, as it represents the highest level of leadership of the shipping line at a global level and the first visit of this kind since the new shareholding structure of the terminal, also incorporating CMA Terminals, was established. It highlights the strategic relevance of TTI ALGECIRAS within the group’s global network and the long-term commitment of its shareholders.
During the visit, Mr. Choi gained a comprehensive overview of the operations and performance of the Port of Algeciras Bay through a visit to the Process Coordination Center of the port authority, where he participated in a working meeting with senior representatives from the Port Authority of Algeciras Bay – its Chairman and Managing Director, Gerardo Landaluce and José Luis Hormaechea – Ports of Spain, represented by its Chairman Gustavo Santana, and the Ministry of Transport and Sustainable Mobility, represented by the Secretary General for Transport, Benito Núñez.
The delegation then visited the TTI ALGECIRAS terminal, where they reviewed in detail the operational and technological advancements, as well as the port’s traffic evolution and connectivity within the context of major global shipping routes.
A key highlight of the visit was the review of HMM’s strategic investment in the terminal, where the company holds a majority stake of 50% plus one share, together with a discussion on future growth plans, including the expansion project.
This visit comes at a particularly significant moment, following the recent approval by the board of the Port Authority of Algeciras Bay of the expansion of TTI ALGECIRAS’ concession. The project includes an additional 15.9 hectares in Phase B of Isla Verde Exterior, along with an extension of the concession until 2066.
The associated investment, €150 million, will increase the terminal’s handling capacity by 500,000 TEUs, reaching 2.1 million TEUs by 2028, further strengthening the Port of Algeciras’ position as a strategic hub in the Mediterranean and along East–West and North–South trade routes.
Since commencing operations in 2010, TTI ALGECIRAS has handled more than 18 million TEUs, consolidating its role as a key infrastructure for international trans-shipment and the growth of import and export flows.