Hapag-Lloyd has officially increased its ownership in JM Baxi Ports & Logistics to 50%. This marks a significant rise from its original 35% stake acquired in early 2023. A series of capital injections facilitated this growth, first moving the share to 40% and most recently adding the final 10% to reach the halfway mark, according to DynaLiners.
Granular ownership structure The partnership features a specific division of ownership based on the nature of the business operations:
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Container Operations: Hapag-Lloyd holds a majority stake of 51%.
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Non-Container Operations: Hapag-Lloyd holds a minority stake of 49%.
Strategic asset footprint in India JM Baxi operates a comprehensive logistics network across India, including multipurpose terminals, inland container depots (ICDs), freight stations, and rail activities. Its marine terminal portfolio spans several key maritime hubs:
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Terminal Locations: Kandla, Haldia, Nhava Sheva (2 terminals), Paradip, Tuticorin, and Visakhapatnam.
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Total Capacity: Approximately 4.8 million TEU.
By securing this 50% stake, Hapag-Lloyd strengthens its integrated logistics presence in the Indian market, linking its ocean services with a robust inland and terminal infrastructure.
