HMM picked as preferred bidder for Hanjin Shipping’s Spain terminal
Nov 25, 2016
Hyundai Merchant Marine was named as the preferred bidder for near-bankrupt Hanjin Shipping’s Spanish terminal, the company announced Friday. The company said it would complete the official contract to take over Total Terminal International Algeciras late next month after two or three weeks of due diligence. The exact value of the deal has not been disclosed. Located in Algeciras, Spain, the TTI Algeciras is considered as a global strategic logistics hub as it serves as the intersecting point of