Sponsored By

Hapag-Lloyd invests in JadeWeserPort Wilhelmshaven terminal

Hapag-Lloyd will acquire a 30% holding in Germany’s Container Terminal Wilhelmshaven (CTW) taking over APM Terminals stake in the terminal.

Michele Labrut, Americas Correspondent

September 29, 2021

1 Min Read
HAPAG LLOYD INVEST IN JadeWeserPort. JPEG (002)
Photo: Hapag-Lloyd

The German container line will 50% of the shares of Rail Terminal Wilhelmshaven (RTW) at JadeWeserPort, Hapag Lloyd said in a statement.

The terminal operator Eurogate continues to hold the remaining shares in both terminals. The price of the stakes sold to Hapag-Lloyd was not revealed.

Subject to approval by the anti-trust authorities, contract closing is expected within the next few months.

German-based terminal operator Eurogate won the concession to operate JadeWeserPort in 2006, in partnership with Maersk’s APM Terminals, which took a 30% stake.

About the Author

Michele Labrut

Americas Correspondent

Michèle Labrut is a long-time Panama resident, a journalist and correspondent, and has continuously covered the maritime sector of Central & Latin America.

Michèle first came to Panama as a press attaché to the French Embassy and then returned to the isthmus as a foreign correspondent in the 1980s.

Author of Seatrade Maritime's annual Panama Maritime Review magazine and of several books, Michèle also wrote for Time magazine, The Miami Herald, NBC News and the Economist Intelligence Unit. She has also collaborated in making several documentaries for the BBC and European and U.S. television networks.

Michèle's profession necessitates a profound knowledge of the country, but her acumen is not from necessity alone, but a genuine passion for Panama.

In 2012 she was awarded the Order of Merit (Knight grade) by the French Government for her services to international journalism and in 2021 the upgrade to Chevalier grade.

Get the latest maritime news, analysis and more delivered to your inbox
Join 12,000+ members of the maritime community