en.Wedoany.com Reported - Hanseatic Global Terminals (HGT) has signed a term sheet to acquire a 20% stake in the Eurogate Container Terminal Hamburg (CTH) and plans to increase its shareholding in the TC3 container terminal at the Port of Tangier, Morocco, from 10% to 20%. Both transactions are subject to the signing of binding final agreements and regulatory approvals.
The Hamburg terminal (CTH) is one of the main container handling facilities at the Port of Hamburg, with an annual throughput capacity of 2.5 million TEUs. The terminal plans to advance its western expansion project and automation investments to boost throughput capacity and improve cargo handling efficiency.
The proposed transaction will strengthen HGT's position in the Port of Hamburg. The company already holds shares in the Container Terminal Altenwerder. For a terminal investor with a carrier background, adding assets in the same port will provide greater flexibility in cargo flow management.
Dheeraj Bhatia, CEO of HGT, stated that the agreement marks a new step in strengthening the company's European terminal portfolio. He noted that the company is committed to developing efficient, future-oriented terminal infrastructure together with partners, benefiting customers, the port, and global trade.
Eurogate stated that CTH will be upgraded through the modernization, digitalization, automation, and electrification of cargo handling processes. The investment direction aims to improve the predictability of container handling while reducing the emission intensity of port operations. Michael Blach, Chairman of the Executive Board of Eurogate Group, pointed out that Hapag-Lloyd has been an important partner of Eurogate Group for decades, and the company aims to work with partners such as Hapag-Lloyd and HGT to make CTH a key logistics hub in Northern Europe. He added that automation and electrification will help the terminal maintain high performance and improve environmental standards.
HGT, founded in 2023, is the terminal and infrastructure division of Hapag-Lloyd. The company manages stakes in maritime terminals and related logistics services across multiple regions and has publicly stated its goal to expand its terminal portfolio to over 30 by 2030. In Tangier, HGT plans to increase its stake in TC3 from 10% to 20% to deepen its role in Morocco's main container terminal platform. TC3 operates the Tangier Med II terminal and is part of a terminal alliance including Eurogate, Contship Italia, Morocco's Marsa Maroc, and Hapag-Lloyd. The transaction has not yet reached the stage of a binding agreement, and related financial terms have not been disclosed. Completion of the transaction will depend on final negotiations and approvals from relevant departments and regulatory authorities.
