Hapag-Lloyd unit completes acquisition of Florida International Terminal

FLORIDA : Chile-based Grupo de Empresas Navieras (GEN) has sold its stake in Florida International Terminal for $29.96 million to Hanseatic Global Terminals, a subsidiary of Hapag-Lloyd, its partner in that port complex.

With this transaction, in accordance with the buy-sell clause of the Operating Agreement signed between both companies, Hanseatic Global Terminals will own 100% of the shares of Florida International Terminals, a complex located in Port Everglades, Fort Lauderdale, in the United States.

FIT is located in Port Everglades, South Florida, serving one of the largest consumer markets globally. The terminal specialises in container and general cargo handling and provides direct connectivity to major highways and rail networks, ensuring efficient inland and intermodal transportation and access to the region’s hinterland.

Established in 2023, Hanseatic Global Terminals operates as an independent entity within the Hapag-Lloyd Group, focusing on terminals and infrastructure. With a clear vision for 2030, Hanseatic aims to grow from 21 port terminals to approximately 30 globally, reinforcing its position as a leading terminal operator.

In 2023, Hapag-Lloyd acquired Chile-based SAAM’s logistics and terminals, in a $1 billion deal. SAAM had joint ventures with international port operators in several terminals, in Chile and the Florida International Terminal (FIT), in the US.

The Chilean company, in 2024  received authorisation by the Broward County Commissioners and the local Port Authority, greenlighting its continued operation at Port Everglades. Under the contract, which runs until 2035, FIT announced  at the time, investment of  $25m in the container terminal in the next 24 months.