Top 5 container line buying into major Europe terminal
The power balance among container carriers and the ports they serve continues to evolve. German container line Hapag-Lloyd announced that subsidiary Hanseatic
The power balance among container carriers and the ports they serve continues to evolve.
German container line Hapag-Lloyd announced that subsidiary Hanseatic Global Terminals (HGT) today signed a term sheet to acquire a 20% stake in Eurogate Container Terminal Hamburg, the second-busiest box hub at the Port of Hamburg, Germany.
Hapag-Lloyd, the world's fifth-largest liner operator, said that the transaction remains subject to the negotiation and finalization of binding agreements. No terms were disclosed.
Eurogate handled 1.13 million TEUs in the first half of 2025, behind the three combined terminals of HHLA at approximately 4.29 million TEUs. Hamburg posted total volume of 8.3 million TEUs this past year, third in Europe behind Rotterdam in The Netherlands and Belgium's Antwerp.
Plans call for the port and Eurogate to spend a combined $2.7 billion to expand capacity from 4 million to 6 million TEUs in the coming years.
"The agreement marks another important step in strengthening our terminal portfolio in Europe," said Dheeraj Bhatia, chief executive of Hanseatic Global Terminals, in a statement. "Together with our partners, we aim to support the further development of effi
Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/commodities/articles/top-5-container-line-buying-173744540.html)
Esta información no constituye asesoramiento de inversión. Consulte con un profesional antes de tomar decisiones financieras.