GERMANY TERMINAL OWNERSHIP MANOEUVRES

CTT is one of the three HHLA container facilities at the Port of Hamburg and the decision can be understood for HHLA as a way of helping to guarantee Cosco volumes moving forward, but without giving up operational control or ownership.

Cosco is a long-standing user of the facility, with existing Asia-Europe services and complimentary feeder strings already calling. This deal was first mooted in June 2021.

At the same time, Hapag Lloyd has announced it is to obtain an ownership share in JadeWeserPort, Wilhelmshaven. The deal entails the German shipping line taking a 30 per cent share in Container Terminal Wilhelmshaven (CTW) and a 50 per cent interest in Rail Terminal Wilhelmshaven (RTW).

The shares being acquired by Hapag Lloyd were previously held by APM Terminals, part of AP Moller Maersk, along with Maersk Line.
The remaining shares will be retained by terminal operator Eurogate. No purchase price has been provided, but all approvals are expected to be granted.

JadeWeserPort is located at Wilhelmshaven on the North Sea coast of Germany. A relatively new port, it remains a key competitor to Hamburg, including for container transshipment to/from the Baltic region. The transaction marks a change in strategy for Hapag Lloyd which has traditionally used Hamburg Port.