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Hanseatic Global Terminals (HGT) has signed a term sheet that outlines the essential conditions for acquiring a 20 percent stake in the Eurogate Container Terminal Hamburg (CTH). Additionally, the company plans to increase its stake in the TC3 container terminal at the Moroccan port of Tangier from 10 percent to 20 percent. The transaction is still subject to negotiations and the conclusion of binding agreements, as the company reports.
Expansion of capacities in the port of Hamburg
According to HGT, the Eurogate Container Terminal Hamburg is one of the most significant container handling facilities in the Port of Hamburg, with an annual capacity of 2.5 million TEU. With the planned investments in the Western Expansion and the automation of the terminal, capacity is expected to be further increased. The goal is to enhance the efficiency of cargo handling in the Port of Hamburg. In addition to the planned investment in CTH, Hanseatic Global Terminals already holds a stake in the Altenwerder container terminal in the Port of Hamburg. This investment underscores the Hapag-Lloyd Group’s commitment to Hamburg and its role in global liner shipping operations.
