Hapag-Lloyd takes 30% stake in JadeWeserPort Wilhelmshaven

German international shipping and container transportation company Hapag-Lloyd will acquire a stake in Container Terminal Wilhelmshaven (CTW) and 50% of the shares of Rail Terminal Wilhelmshaven (RTW) at JadeWeserPort.

Hapag-Lloyd takes 30% stake in JadeWeserPort Wilhelmshaven
Port Jadeweserport Wilhelmshaven Sea North Sea

In a statement, Hapag-Lloyd said the company would would acquire a 30% stake in the terminal, with its operator, Eurogate, continuing to hold the remaining shares.

The parties have agreed to not disclose the price of the deal, which is subject to approval by the antitrust authorities. The contract closing is expected within a few months.

Wilhelmshaven is Germany’s only deep-water container terminal. Its setup allows the world’s biggest ocean carriers to have unrestricted access to the port at all times – irrespective of tidal conditions.

The operators of the terminal boast that the facility is an ideal transhipment hub for feeder services to Scandinavia, the Baltic and Russia. Moreover, its location lends itself to being a hub for the Rhine/Ruhr region. The terminal also has a direct link to the A29 motorway, while an intermodal rail terminal directly adjacent to the terminal site additionally provides connections to the European rail network.

Photo: maxpixel.net

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