Hanseatic Global Terminals (HGT) has signed an agreement on the key terms of a deal to acquire a 20% stake in the Eurogate Container Terminal Hamburg (CTH). Additionally, the operator plans to increase its stake in the TC3 container terminal at the Moroccan port of Tangier from 10% to 20%. Completion of the transaction is subject to the finalization of agreements and the receipt of all necessary regulatory approvals.
CTH is considered one of the Port of Hamburg’s largest facilities, with a handling capacity of up to 2.5 million TEU per year. A project to expand the terminal’s western section and implement new automated solutions is expected to boost its throughput capacity and the efficiency of cargo operations. Dhiraj Bhatia, CEO of Hanseatic Global Terminals, noted that the investment marks a significant step in strengthening the company’s European terminal portfolio and will foster the development of modern infrastructure tailored to the needs of customers and global trade.
Eurogate emphasized that the long-standing partnership with Hapag-Lloyd and Hanseatic Global Terminals will accelerate CTH’s modernization through the digitalization, automation, and electrification of handling processes, thereby making the terminal more productive and environmentally friendly. Established in 2023, Hanseatic Global Terminals operates as an independent entity within the Hapag-Lloyd Group, specializing in port infrastructure. By 2030, the company aims to expand its international portfolio to approximately 30 terminal assets and become one of the world’s leading terminal operators. HGT already holds a stake in the Altenwerder container terminal in the Port of Hamburg, underscoring the strategic importance of this logistics hub to the Hapag-Lloyd Group.