CMA CGM Takes Stake in TTIA Container Terminal in Algeciras
The CMA CGM Group announced that its CMA Terminals subsidiary has acquired a 50% interest minus one share in Spain’s Total Terminal International Algeciras port terminal. The TTIA terminal, located in the Strait of Gibraltar at the crossroads of trade between Asia, Mediterranean and Northern Europe, is capable of accommodating the largest containerships in the CMA CGM Group fleet through its latest equipment
A container yard area of 30 hectares
A quay length of 850 meters and draught of 18 meters
Eight Ship-To-Shore cranes
Potential to double its capacity in the future
The TTIA terminal, a multi-user facility with an annual capacity of 1.7 million 20-foot equivalent units, was inaugurated in 2010 and is the first semi-automatic terminal in the Med area.
CMA CGM Group and its partners in Algesiras, HMM and DIF Capital Partners, will join forces to support and develop this strategic terminal.