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Hapag-Lloyd invests in Container Terminal Wilhelmshaven

Hapag-Lloyd invests in Container Terminal Wilhelmshaven
Hapag-Lloyd will acquire a 30% stake in CTW

Hapag-Lloyd will acquire a 30% stake in Container Terminal Wilhelmshaven (CTW) and 50% of the shares of Rail Terminal Wilhelmshaven (RTW) at JadeWeserPort.

With terminal operator Eurogate to continue to hold the remaining shares, the parties have agreed to not disclose the purchase price.

Dr Bernd Althusmann, Lower Saxony’s minister of economic affairs and chairman of the supervisory board of JadeWeserPort, said: “The decision of Hapag-Lloyd, Germany’s leading shipping company, to participate in Eurogate CTW is a good signal for the port, the region, Lower Saxony and Northern Germany.

“As the only deep-water port on the German North Sea coast, JadeWeserPort has a unique selling point that stands out in the container business – Hapag-Lloyd has also recognised this. This forward-looking engagement will help to use the port’s potential even better and actively shape its development.”

Subject to approval by the antitrust authorities, contract closing is expected within a few months.

Althusmann continued: “The collaboration of a Hamburg shipping company and the Bremen terminal operator Eurogate in JadeWeserPort, a joint-project of Bremen and Lower Saxony, also reflects a matter that I consider to be very important in view of the international competitive situation:

“We will not be able to assert ourselves in this competition alone, but only if we understand our various locations as one ‘Port of Northern Germany’ and work more closely together.”

JadeWeserPort’s managing director, Holger Bank, also commented on the situation: “I am delighted that the Hapag-Lloyd shipping company appreciates the great potential of Germany’s only deep-water container port and wants to use it.

“With its modern infrastructure and the superstructure offered by the terminal operator, JadeWeserPort offers ideal conditions for handling even large containerships. This port infrastructure now has to be further developed in a tried and tested collaboration with Eurogate.”