Hutchison acquires 50% stake in TMA

TMA Logistics TMA aims to grow its Amsterdam-Rotterdam-Antwerp activities
Industry Database

Hutchison Ports has acquired a 50% stake in TMA Logistics to expand its activities in the Netherlands.

TMA has a variety of general cargo terminal operations together with warehousing, shipping, logistics and project cargo activities at three sites in Amsterdam and one in Antwerp as well as at Hutchison Ports Amsterdam (former known as Amsterdam Container Terminal).

Clemence Cheng, executive director at Hutchison Ports, said: “The acquisition of a 50% stake in TMA Logistics complements both our existing operations in Amsterdam and the activities of Hutchison Logistics.

“Together with TMA, we will maximise the benefits of operating through Hutchison Ports’ network to develop new business opportunities in areas including short-sea container traffic, ro-ro, vehicle handling, and general and project cargo.”

Sustainable expansion

Gerben Matroos, managing director of TMA, added: “With this step we have the opportunity to grow sustainably in the Amsterdam-Rotterdam-Antwerp range. With the worldwide network of Hutchison Ports, we are now able to expand our activities substantially.

“The North Sea Canal terminals in Velsen and Amsterdam are ideally located for offshore activities related to oil, gas and wind energy.  Also, local hubs for markets in building and construction materials have great potential.

“Short sea connections from the Amsterdam terminal include Sweden, Finland, UK and Norway, together with rail connections to Germany and China.”

TMA’s businesses Thor Antwerp and Thor Amsterdam provide terminal operations, logistics services, agency, forwarding and chartering as well as truck, barge and rail distribution in their respective ports. TMA also owns MEO and ACS Logistics Amsterdam, which operate 120,000m2 of warehousing.

LATEST PRESS RELEASES

ShibataFenderTeam supplied fenders for the largest port project at the Caspian Sea

In 2016 we were awarded with the supply of fender systems for the entire new port of Turkmenistan's ... Read more

SOGET and Microsoft: a strategic partnership for a secure digitization of ports in France and worldwide

SOGET, world specialist in Port Community Systems (PCS), and Microsoft, world leader in technology, ... Read more

New Fourth Generation (4G) Performance Pack Upgrade for Existing Echoscope® Users

The new Echoscope® 4G Performance Pack Upgrade presents an opportunity for our existing customers to... Read more

Coda Octopus Products Selected to Collaborate on One of Five Premier Scottish-Japanese "Joint Ocean Innovation" Strategic Subsea Projects

The Nippon Foundation and Scottish Enterprise R&D Program provides funding of up to $32 million over... Read more

ShibataFenderTeam Agent Network is growing

ShibataFenderTeam permanently sustains and develops its agent network. Read more

Mannion Marine Limited Launched

Martin Mannion, former AECOM head of ports EMIA region, has launched Mannion Marine Limited, offerin... Read more

View all