Independent journal on economy and transport policy
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Hanjin Shipping selects the best offerer for the acquisition of the container terminal of Algeciras
Is the consortium constituted from South Koreans IBK Securities and Korea Investment Partners
March 6, 2014
the shipowning group South Korean Hanjin Shipping has announced today to have selected the consortium constituted from compatriots IBK Securities Co. and Korea Investment Partners Co. which better offerer for the acquisition of Total Terminal Iternational Algeciras (TTI Algeciras), the society of the shipowning group that manages the third container terminal of the port of Algericas(of 11 February and 1°15August 2008 and July 2010). The signature of the cession contract is previewed within six months.
the cession takes part of the measures assumed from Hanjin Shipping in order to strengthen the capital structure of the group.
Last year the terminal managed from TTI Algeciras, that it has begun the operating activity in May 2010, has totaled a traffic of the container pairs to 1.210.600 teu, with a progression of +4.1% regarding 1.163.407 teu in 2012, so recording the fourth year of increase of the enlivened volumes.
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