Rhenus Group acquires stake in Rietlanden Terminals B.V.

Rhenus Group acquires a stake in Rietlanden Terminals B.V.

The Rhenus Group has obtained a 49.99 per cent shareholding in Rietlanden Terminals B.V. (Rietlanden), which operates two terminals located at the Port of Amsterdam.

Rhenus has acquired its shareholding from the current owner JERA Global Markets. Rhenus will acquire the remaining 50.01 percent in 2027.

With its 49.99 percent stake in Rietlanden Terminals B.V., Rhenus aims to further expand its portfolio of services in the Netherlands with port handling and storage of bulk commodities in the Port of Amsterdam.

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Michael Appelhans, Managing Director of Rhenus Ports, said: “We are delighted to welcome Rietlanden Terminals to our already extensive terminal network in Europe. Joining forces with JERA Global Markets is a natural fit, as we clearly share the same values.”

JERA Global Markets will be Rietlanden’s controlling majority shareholder until 2027.

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Justin Rowland, Chief Executive Officer of JERA Global Markets, added: “We are confident that the Rhenus Group is well-placed to maximise the value of Rietlanden Terminals, particularly from 2030 and beyond, when coal handling will be disallowed in the Port of Amsterdam.”

The 6.5-hectare terminal at Amerikahaven is utilised for scrap metal handling in collaboration with a long-standing contractual partner.

According to Rhenus, the Afrikahaven terminal specialises in the handling and blending of various types of coal.

The 30-hectare facility has a storage capacity of about 1.4 million tonnes. The port also features railway sidings where up to six trains may be loaded every day.

Peter van der Steen, Managing Director of Rhenus Port Logistics in the Netherlands, said: “We’re going to develop the terminal in Afrikahaven and turn it into a multi-user terminal that focuses on storing and transhipping more environmentally friendly bulk commodities.”

In June 2022, the Ports of Amsterdam and Duisburg (duisport) signed a Memorandum of Understanding (MoU) to expand their cooperation and jointly develop a hydrogen value chain and hinterland network.

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