Hapag-Lloyd strengthens terminal network with Hamburg and Tangier Med deals
The carrier's terminal arm buys into Hamburg's Eurogate CTH and doubles its stake in Morocco's TC3 at Tangier Med.
Hapag-Lloyd's terminal arm, Hanseatic Global Terminals (HGT), is deepening its investment in strategic gateway infrastructure, agreeing to acquire a 20% stake in Eurogate Container Terminal Hamburg (CTH) while doubling its holding in Morocco's TC3 terminal at Tangier Med from 10% to 20%. The transactions remain subject to regulatory approvals.
The Hamburg deal gives Hapag-Lloyd a significant foothold in a second container terminal in its home port. The carrier already owns 25.1% of HHLA's Container Terminal Altenwerder, so it will now hold interests in two of Hamburg's four major container terminals. Eurogate Container Terminal Hamburg has annual handling capacity of around 2.5m teu.
For Hamburg, the agreement marks another step in the port's shifting ownership landscape, with major liner operators increasingly taking direct stakes in the infrastructure they rely on. MSC already holds a major shareholding in HHLA, while COSCO owns a 24.99% stake in HHLA Container Terminal Tollerort.
At the same time, HGT is lifting its stake in the TC3 terminal at Tangier Med to 20%, reinforcing its position at one of the Mediterranean's most important transhipment hubs and a key node in east-west container trades.
