HAMBURG : Hapag-Lloyd, German liner company is going to invest in JadeWeserPort Wilhelmshaven, Germany’s largest harbor project and only deep-water container port.
Hapag-Lloyd will acquire a 30% stake in Container Terminal Wilhelmshaven (CTW) and 50% of the shares of Rail Terminal Wilhelmshaven (RTW) from terminal operator Eurogate, which will continue to own the remaining shares.
Both parties have agreed to not disclose the purchase price and the deal is still subject to approval by the antitrust authorities, with contract closing is expected within a few months.
“The decision of Hapag-Lloyd, Germany’s leading shipping company, to participate in the EUROGATE Container Terminal Wilhelmshaven at JadeWeserPort is a good signal for the port, the region, Lower Saxony and Northern Germany,” said Lower Saxony’s Minister of Economic Affairs and Chairman of the Supervisory Board of JadeWeserPort-Realisierungsgesellschaft, Dr Bernd Althusmann. “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 recognized this. This forward-looking engagement will help to use the port’s potential even better and actively shape its development.”
Container Terminal Wilhelmshaven offers 18 meter water depth and some of the world’s biggest container gantries capable of loading and unloading ultra-large containerships of any size. In July, JadeWeserPort Wilhelmshaven welcomed the first direct train from China, part of China’s “One Belt One Road” initiative.