Hanjin Shipping has officially opened its dedicated terminal in Algeciras, Spain Having been selected as the preferred bidder for developing the dedicated terminal in February 2008, Hanjin spent more than two-and-a-half years on its construction
The Algeciras Terminal is Spain's first terminal with an automated yard system Situated in Spain's largest port and sitting on a 350,000 m2 plot of land, the terminal can accommodate mega-sized container ships above 10,000 TEU and has an annual capacity of 156 million TEU
With its strategic location in the Mediterranean region, Hanjin Shipping believes the terminal will enable the company to expand into the African market, as well as strengthen its presence in other markets, including North Europe, the US East Coast and South America
Currently, there are six liner services operated by Hanjin Shipping calling at the Algeciras Terminal, as well as numerous feeders connecting the nearby areas including the ports in Spain, Portugal, North and North-West Africa
Meanwhile, besides the existing thirteen terminals around the world, Hanjin Shipping plans to open new dedicated terminals in Tan Cang-Cai Mep, Vietnam in 2011 and Jacksonville, US in 2013
Why would companies implement solutions that cost more, were longer to deploy, and had lower user satisfaction? Read Lora Cecere's thoughts on this.
“We typically lose out when a market commoditizes, and we no longer differentiate, further aggravated by us being too slow or expensive” Frans van Houten, CEO, Royal Philips Electronics
A lack of quality space remains one of the biggest challenges facing manufacturers in the U.S. Emerging technological advances, such as improved measuring/process control, advanced digital technologies and sustainable manufacturing, have made many older facilities functionally obsolete, opening the door for more speculative construction to take place within the next few years.