EUROGATE and CMA Terminals have signed a term sheet agreeing on key points of a strategic partnership that includes, inter alia, a 20% share for CMAT in EUROGATE Container Terminal Hamburg.
EUROGATE associates this partnership establishment with a closer customer relationship with CMA CGM, a strong partner with high container handling volume.
Both parties are discussing joint investments significantly supporting financing of the intended Western Extension of EUROGATE’s terminal at the Waltershofer Hafen port in Hamburg.
The legal details of this partnership and corresponding legally binding agreements are currently subject to ongoing negotiations. Any legally binding contracts require approval from respective committees and relevant authorities.
Thomas Eckelmann, CEO of EUROKAI and EUROGATE shareholder, and his son Tom Eckelmann, Co-CEO of EUROGATE Group, played a key role in reaching the agreement in principle now achieved. On the occasion of this milestone, they stated that they vow to build on this momentum together with CMA CGM to further develop CTH as an important Northern European logistics hub.
Rodolphe Saadé, Chairman and CEO of the CMA CGM Group, stated that through their participation, they will help enhance the terminal’s capacity, strengthen its rail connections, and support its transition toward more sustainable operations.
