€150 million investment to expand the terminal, reinforcing its role as a strategic common-user facility at the Port of Algeciras Bay.
TTI Algeciras has officially submitted its expansion project for development on Phase B of Isla Verde Exterior to the Port Authority of Algeciras Bay (APBA). The initiative covers an additional 160,000 square meters and involves a planned investment of €15 0 million, which will allow the terminal to add up to half million TEU to reach 2,1 million TEU handling capacity. In addition, this investment allows the concession period to be extended until 2065, which significantly strengthens the company’s long-term prospects.
Since handling its first vessel on May 5, 2010, becoming the first semi-automated terminal in the Mediterranean and Southern Europe, TTI Algeciras has moved nearly 18 million TEU, a milestone that will be surpassed this year. This trajectory has helped consolidate the Port of Algeciras as not only a major transshipment hub in Southern Europe, but also as a key gateway for import and export flows across mainland Spain.
Located on the European shore of the Strait of Gibraltar, TTI Algeciras is a strategic terminal for its main shareholders, the South Korean shipping line HMM (50% plus 1 share) and since February 2021 the CMA CGM Group (50% minus 1 share) a global player in sea, land, air and logistics solutions, who is also historically its major customer. Every week, the terminal welcomes some of the largest container vessels in the world, including the HMM Algeciras (23,964 TEU) and CMA CGM’s 23,000 TEU LNG-powered containerships such as CMA CGM Jacques Saadé.
“This expansion is the natural evolution of more than a decade of steady growth with operational and commercial excellence” said Alonso Luque, CEO of TTI Algeciras. “The project not only adds much-needed physical capacity but also positions us to take on new service opportunities and larger vessels, while maintaining the flexibility and efficiency that have defined our terminal from the beginning.”
Gerardo Landaluce, Chairman of the Port Authority of the Bay of Algeciras, added: “TTI Algeciras has played a key role in boosting the international standing of the port. Its common – user model, open to multiple shipping lines and alliances, has helped position Algeciras as a global logistics platform and as a strategic tool for developing import and export flows throughout Andalusia and Spain. This expansion fits fully into our strategic roadmap to develop sustainable, resilient, and high-capacity maritime infrastructure in the Strait of Gibraltar.”
About HMM
HMM is the world’s eighth-largest container carrier and the leading shipping company in South Korea. It operates as an integrated logistics provider with a global presence in over 110 countries. Founded in 1976, HMM now maintains a diversified fleet of vessels. In 2024, the company launched a mid- to long-term strategy to grow its operating fleet to 1.55 million TEU by 2030 and achieve its goal of net-zero emissions by 2045. HMM is firmly committed to responsible and sustainable global trade.
About CMA
CGM The CMA CGM Group is a global player in sea, land, air and logistics solutions, true to its corporate Purpose, “We imagine better ways to serve a world in motion”. Present in 177 countries, it employs 160,000 people, of which nearly 6,000 in Marseille where its head office is located. The world’s 3rd largest shipping company, CMA CGM serves more than 420 ports across 5 continents with a fleet of over 650 vessels. In 2024, CMA CGM carried over 23 million TEU (twenty-foot equivalent unit) containers. Its subsidiary CEVA Logistics, one of the world’s top five players, operates 1,000 warehouses and handled 15 million shipments in 2024.