In exchange for the majority stake in CTE, NYK will have a minority stake in Europe Container Terminals (ECT) in Rotterdam. Commenting on the agreement, John Meredith, Group Managing Director of HPH, said, \u201cThe investment in CTE will help strengthen HPH\u2019s presence in Northern Europe through the addition of extra container handling capacity. CTE\u2019s strategic location allows it to attract deep sea and feeder traffic as well as inland traffic.\u201d Takao Kusakari, Chairman of NYK said, \u201cThis agreement gives us the opportunity to enhance our cooperation with HPH while further tapping into HPH\u2019s network of Northern European ports.\u201d CTE is a holding company of two wholly owned subsidiaries, Ceres Paragon Terminals (CPT) and Ceres Amsterdam Marine Terminals (CAMT). CPT is made up of three berths \u2013 one 400-by-57-metre indented berth and two conventional berths with a combined length of 615 metres and a depth alongside of 15 metres. CPT also has an excellent on-dock rail facility with three 700-metre-long tracks that reach out towards the edge<\/p>\n
of the quay deck for the fast and efficient handling of containers.<\/p>\n
\n","protected":false},"excerpt":{"rendered":"
Hutchison Port Holdings (HPH) and Nippon Yusen Kabushiki Kaisha (NYK) have signed a share-swapping agreement through which HPH will become the majority shareholder of Amsterdam-based Ceres Container Terminals Europe B.V. (CTE) in the Netherlands.<\/p>\n","protected":false},"author":8,"featured_media":4715,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[29],"tags":[],"sponsor":[],"class_list":["post-4714","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-europe-greenport"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts\/4714","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/comments?post=4714"}],"version-history":[{"count":1,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts\/4714\/revisions"}],"predecessor-version":[{"id":4716,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts\/4714\/revisions\/4716"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/media\/4715"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/media?parent=4714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/categories?post=4714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/tags?post=4714"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/sponsor?post=4714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}