Hapag-Lloyd, the fifth largest container shipping line in the world by market share, and HHLA, the German terminal operator, have agreed to continue their close Hamburg-based cooperation.
A statement said that both companies will now be able to make the “necessary investments and boost overall competitiveness”.
As well as that both parties have agreed to intensify collaboration on issues around sustainability.
For example, there are currently plans to make additional significant reductions in emissions at the Port of Hamburg and for the two sides to work together on expanding hinterland connections.
In a joint statement, HHLA and Hapag-Lloyd’s CEOs, Angela Titzrath and Rolf Habben Jansen, said: “We are very pleased to be able to continue our longstanding, trusting and intensive collaboration.
“As a result, the Port of Hamburg is and will remain a maritime hub of high importance to global logistics flows.”
The Port of Hamburg Authority announced in late-January 2020 that the first phase of the widening of the Elbe river had taken place, a story Port Technology International (PTI) reported on.
This is designed to increase throughput and cut congestion by allowing two ships up to 98 meters wide to pass one another.