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CMA CGM bolsters Mediterranean port presence with Spanish deal

French group comes to HMM’s aid to assist in turning around the fortunes of Algeciras’ ailing terminal

CMA CGM agrees deal with HMM to take a minority stake in Total Terminal International Algeciras, marking the company’s second fresh venture in the region this year. The French shipping giant signed off a deal to manage and operate Alexandria’s new multi-purpose facility in late January

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