Hanseatic Global Terminals (HGT) signed a preliminary agreement detailing the key conditions for the planned acquisition of 20% of the shares of Eurogate Container Terminal Hamburg (CTH). Likewise, it is planned to increase the stake in the TC3 container terminal at the Moroccan port of Tangier from 10% to 20%. The transaction is subject to the negotiation and formalization of binding agreements.
CTH is one of the main container terminals at the Port of Hamburg with an annual capacity of 2.5 million TEU. The planned investments in the western expansion and automation of the facility are expected to further increase its space and improve the efficiency of cargo handling operations at the Port of Hamburg.
“This agreement represents a further step in strengthening our terminal portfolio in Europe. Together with our partners, we aim to drive the development of efficient and future-proof terminal infrastructure that benefits customers, ports and global trade,” said Dheeraj Bhatia, Chief Executive Officer of Hanseatic Global Terminals.
“Hapag-Lloyd has been a valuable partner of the Eurogate Group for many decades. Together with strong partners such as Hapag-Lloyd and Hanseatic Global Terminals, we aim to further develop CTH as a major logistics hub in Northern Europe. Through modernization, digitalization, increased automation and electrification of our cargo handling processes, we want to gradually position the terminal to maintain high performance and be significantly more environmentally friendly in the future,” stated Michael Blach, Chairman of the Executive Board of the Eurogate Group.
In addition to this planned investment in CTH, Hanseatic Global Terminals already holds a stake in the Altenwerder container terminal at the Port of Hamburg. The planned investment in CTH further underscores the Hapag-Lloyd Group’s strong commitment to Hamburg and its important role in global liner shipping operations.
Founded in 2023, Hanseatic Global Terminals operates as an independent entity within the Hapag-Lloyd Group, focused on terminals and infrastructure. With a clear vision for 2030, the company aims to expand its global port terminal portfolio to approximately 30 holdings and become a leading global terminal operator.
The completion of the transaction will be subject, among other things, to approval by the relevant authorities and regulatory bodies.
