PSA International Pte Ltd (PSA) has inked arrangements to purchase a 22 per cent minority investment in Duisburg Gateway Terminal GmbH (DGT).
The deal is subject to clearance by Germany’s competition and regulatory agencies.
When the purchase is completed, PSA will join Hupac, HTS, and duisport as shareholders in DGT.
DGT, located in the Port of Duisburg, is set to become the first climate-neutral inland container port in Europe’s hinterlands.
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Markus Bangen, duisport CEO, stated: “We are pleased to have gained an important strategic partner for the DGT company in PSA, which will contribute significantly to the success of the Duisburg Gateway Terminal with its various business segments in Europe, Asia and worldwide.
“This net-work expansion strengthens both the competitive diversity and the further diversification of the Port of Duisburg. The topic of supply chain diversification has an increasingly important meaning.”
Tan Chong Meng, Group CEO of PSA, said: “We are excited to become a partner in Duisburg Gateway Terminal, alongside its existing shareholders duisport, Hupac and HTS.
“As part of Europe’s largest and most sustainable inland port, DGT will be a key gateway in providing green logistics services to Germany’s dense industrial hinter-land.
“Leveraging PSA’s global ports and supply chain network as well as a strong presence in continental Europe, PSA aims to strengthen the DGT partnership and support Germany’s green energy transition in line with our strategic focus towards enabling smoother, more resilient and sustainable trade.”
In May 2023, PSA Chennai achieved a significant milestone by handling its 10 millionth TEU container.
One month later, PSA Venice signed an agreement with the North Adriatic Sea Port Authority (AdSP) to extend the existing concession by 25 years.
