Hanseatic Global Terminals (HGT) has signed a term sheet for the intended acquisition of a 20 per cent stake in Eurogate Container Terminal Hamburg (CTH).
Alongside the Hamburg move, HGT plans to increase its existing stake in the TC3 container terminal at the Port of Tangier in Morocco from 10 per cent to 20 per cent. Both transactions remain subject to the negotiation and finalisation of binding agreements.
CTH is earmarked for significant development, with planned investments in a Western Extension and terminal automation expected to increase capacity and improve cargo handling efficiency.
HGT already holds a stake in Container Terminal Altenwerder in Hamburg.
Dheeraj Bhatia, Chief Executive Officer, Hanseatic Global Terminals, said: “The agreement marks another important step in strengthening our Terminal Portfolio in Europe. Together with our partners, we aim to support the further development of efficient, future-ready terminal infrastructure that benefits customers, ports, and global trade.”
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Michael Blach, Chairman of the Group Management Board, Eurogate, stated: “Hapag-Lloyd has been a valued 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 an important logistics hub in Northern Europe. Through modernisation, digitalisation, increased automation, and the electrification of our cargo handling processes, we want to gradually position the terminal to remain high-performing and become significantly more climate-friendly in the future.”
For more information:
Hanseatic Global Terminals – https://www.hanseaticglobalterminals.com/
