Friday , 20 September 2019
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Hutchison Port Holdings (HPH) and Nippon Yusen Kabushiki Kaisha (NYK) have signed a share-swapping agreement through which HPH will become the majority shareholder of Amsterdam-based Ceres Container Terminals Europe (CTE) in the Netherlands. In exchange for the majority stake in CTE, NYK will have a minority stake in Europe Container Terminals (ECT) in Rotterdam.

Hutchison and NYK share swap

CTE is a holding company of two wholly owned subsidiaries, Ceres Paragon Terminals (CPT) and Ceres Amsterdam Marine Terminals (CAMT). CPT is made up of three berths – one 400 m by57 m indented berth and two conventional berths with a combined length of 615 m and a depth alongside of 15 m. CPT also has an on-dock rail facility with three 700 m long tracks.

CAMT is a ro-ro terminal that performs stevedoring activities for automobile carriers and has a number of warehouses for the storage of cocoa.