22.1 C
Hamburg
Wednesday, June 4, 2025
Home News Hapag-Lloyd completes SM SAAM terminal business acquisition

Hapag-Lloyd completes SM SAAM terminal business acquisition

Based on a deal announced in October 2022, Hapag-Lloyd successfully completed its 100% acquisition of SM SAAM’s terminal operations and related logistics services.

All relevant antitrust authorities in the countries involved in the acquisition process completely approved the transaction.

The transaction includes interests in terminals at Iquique (Chile), Antofagasta (Chile), San Antonio (Chile), San Vicente (Chile), Corral (Chile), Port Everglades (United States / Florida), Mazatlán (Mexico), Buenavista (Colombia), Guayaquil (Ecuador), and Caldera (Costa Rica), as well as logistical services.

The chief executive officer of the new entity will be Mauricio Carrasco, the SAAM Group’s managing director for the Terminals Division from 2020. Former Hapag-Lloyd senior director of business administration region Latin America, Rodolfo Díaz will join him as chief financial officer.

Hapag-Lloyd has steadily increased its involvement in the terminal sector, with stakes in the Container Terminal Wilhelmshaven, the Container Terminal Altenwerder in Hamburg, the Italy-based Spinelli Group, the India-based J M Baxi Ports & Logistics Limited, Terminal TC3 in Tangier, and the currently under construction Terminal 2 in Damietta, Egypt.





Latest Posts

HHLA acquires majority stake in Ukrainian terminal

Hamburger Hafen und Logistik AG (HHLA) has decided to invest in a Ukrainian terminal, acquiring 60% of the shares in Eurobridge Intermodal Terminal LLC...

India vows to emerge as shipbuilding power through external partnerships

India's shipbuilding sector is experiencing a strategic transformation, driven by a convergence of geopolitical motives, national industrial goals, and ambitious maritime visions. Under Prime Minister...

Sierra Leone’s Freetown Port prepares for digital transformation

A needs assessment mission conducted in Sierra Leone from 26 to 30 May has laid the groundwork for the introduction of a Maritime Single...

APM Terminals Lázaro Cárdenas receives six new electric cranes

APM Terminals Lázaro Cárdenas has received six cutting-edge electric automated rail-mounted gantry cranes, marking a significant step forward in modernizing Mexico’s logistics infrastructure. These cranes...

Crew evacuated after fire on Zodiac car carrier

Fire broke out on a Zodiac Maritime-managed car carrier off Alaska on 3 June. All 22 crewmen on the 2006-built, 4,902 CEU Morning Midas...
error: Content is protected !!