JadeWeserPort

Hapag-Lloyd acquiring SAAM terminal operations in $1B deal

Hapag-Lloyd announced Tuesday it is making its first investment in the Americas through the $1 billion acquisition of the SM SAAM S.A. marine terminal and logistics businesses.

The German ocean container shipping company is acquiring all of SAAM’s shares in 10 terminals as well as bonded warehouses and integrated logistics operations for importers and exporters. The Chile-based company will retain its tugboat and airport logistics businesses. 

SAAM operates eight terminals as the majority or...

https://www.freightwaves.com/news/hapag-lloyd-acquiring-saam-terminal-operations-in-1b-deal

EU approves Hapag-Lloyd participation in JadeWeserPort

The European Union (EU) Commission has approved Hapag-Lloyd’s participation in JadeWeserPort Wilhelmshaven, which was announced in September 2021.

With the closing of this transaction, the Hamburg-based container shipping company will take ownership of a 30% stake in Container Terminal Wilhellmshaven (CTW) and a 50% stake in Rail Terminal Wilhelmshaven (RTW) at JadeWeserPort in Germany.

The German terminal operator Eurogate will continue to hold the remaining shares of the two terminals.

The two...

https://container-news.com/eu-approves-hapag-lloyd-participation-in-jadeweserport/

Hapag-Lloyd CEO: ‘We are probably in the peak of the problems’

Congested ports. Clogged supply chains. Capacity shortages.

Much of Hapag-Lloyd CEO Rolf Habben Jansen’s third-quarter overview had a familiar refrain, one likely to be heard again after the fourth quarter. 

But there were two topics Habben Jansen did not expound upon: the buckets of money the ocean carrier likely raked in during the third quarter and the recent investment in a German port.

Hapag-Lloyd is scheduled to release its third-quarter figures Nov. 12, and Habben Jansen did not open the...

https://www.freightwaves.com/news/hapag-lloyd-ceo-we-are-probably-in-the-peak-of-the-problems

Hapag-Lloyd invests in JadeWeserPort terminals

The German container shipping company Hapag-Lloyd has announced the acquisition of a 30% stake in Container Terminal Wilhelmshaven (CTW) and 50% of the shares of Rail Terminal Wilhelmshaven (RTW) at the German container port JadeWeserPort.

The Bremen-based terminal operator Eurogate continues to hold the remaining shares, while the parties have agreed to not disclose the purchase price.

The contract closing is expected within a few months, while it is subject to approval by the antitrust...

https://container-news.com/hapag-lloyd-invests-in-jadeweserport-terminals/