Hanseatic Global Terminals plans to acquire 20% stake in Eurogate Container Terminal Hamburg

Hanseatic Global Terminals (HGT) has signed a term sheet outlining the key terms for its planned acquisition of a 20% stake in Eurogate Container Terminal Hamburg (CTH). The company also intends to increase its stake in the TC3 container terminal at Morocco's Port of Tangier from 10% to 20%. The transaction remains subject to the negotiation and execution of definitive agreements.

CTH is one of the Port of Hamburg's largest container terminals, with an annual handling capacity of 2.5 million TEU. Planned investments in the terminal's Western Extension and automation are expected to boost capacity while improving the efficiency of cargo handling operations.

“The agreement marks another important step in strengthening our Terminal Portfolio in Europe. Together with our partners, we aim to support the further development of efficient, future-ready terminal infrastructure that benefits customers, ports, and global trade,” said Dheeraj Bhatia, CEO Hanseatic Global Terminals.

“Hapag-Lloyd has been a valued partner of the Eurogate Group for many decades. Together with strong partners such as Hapag-Lloyd and Hanseatic Global Terminals, we aim to further develop CTH as an important logistics hub in Northern Europe. Through modernization, digitalization, increased automation, and the electrification of our cargo handling processes, we want to gradually position the terminal to remain high-performing and become significantly more climate-friendly in the future,” said Michael Blach, Chairman of the Group Management Board of Eurogate.

Alongside its planned investment in CTH, Hanseatic Global Terminals already owns a stake in Container Terminal Altenwerder at the Port of Hamburg. The proposed acquisition further reinforces the Hapag-Lloyd Group's long-term commitment to Hamburg as a key hub in its global shipping network.

Established in 2023, Hanseatic Global Terminals operates as an independent business within the Hapag-Lloyd Group, specializing in port terminals and infrastructure. As part of its 2030 growth strategy, the company aims to expand its global portfolio to around 30 terminal investments and establish itself as a leading global terminal operator.

The transaction is expected to close once it receives the necessary regulatory and competition approvals, along with the fulfillment of other customary closing conditions.