Hanseatic Global Terminals (HGT) plans to acquire a 20% stake in Eurogate Container Terminal Hamburg (CTH).
The company has signed a term sheet outlining the main conditions of the deal. The transaction still requires final agreements and regulatory approval.
HGT also plans to increase its stake in the TC3 container terminal at the Port of Tangier from 10% to 20%.
CTH is one of the largest container terminals in the Port of Hamburg. The facility has an annual handling capacity of 2.5 million TEUs.
The terminal plans to invest in its Western Extension project and new automation systems. These projects will increase capacity and improve cargo handling efficiency.
Dheeraj Bhatia, CEO of Hanseatic Global Terminals, said the agreement strengthens the company’s terminal portfolio in Europe.
He said HGT will continue to invest in modern terminal infrastructure that supports customers, ports and global trade.
Michael Blach, Chairman of the Group Management Board of Eurogate, said Hapag-Lloyd has worked with Eurogate for many years.
He said the partners will continue to modernise CTH. Their plans include digitalisation, automation and the electrification of cargo-handling equipment. These investments will improve efficiency and reduce emissions.
HGT already owns a stake in Container Terminal Altenwerder in Hamburg. The planned investment in CTH further strengthens the Hapag-Lloyd Group’s commitment to the Port of Hamburg.
Hanseatic Global Terminals was established in 2023 as an independent company within the Hapag-Lloyd Group. The company aims to expand its global portfolio to around 30 terminal investments by 2030 and become one of the world’s leading terminal operators.
