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PSA acquires 22% stake in Duisburg Gateway Terminal

Singapore’s PSA has agreed to buy a 22% stake in Germany’s Duisburg Gateway Terminal (DGT) GmbH, subject to regulatory approvals.

Gary Howard, Middle East correspondent

July 5, 2023

1 Min Read
An artist's impression of DGT
DGT

DGT is under construction at the port of Duisburg and will be the first 100% climate-neutral inland container terminal in the European hinterlands, PSA said. The first phase of construction is due to finish in Q1 2024. When complete, DGT will be the largest European hinterland container terminal with an area of 235,000 square metres.

On completion of the deal, PSA will join Hupac, HTS and duisport as shareholders of the terminal. COSCO withdrew from DST in 2022, divesting its shares to duisberg.

Duisport CEO, Markus Bangen, said: "We are pleased to have gained an important strategic partner for the DGT company in PSA, which will contribute significantly to the success of the Duisburg Gateway Terminal with its various business segments in Europe, Asia and worldwide. This network expansion strengthens both the competitive diversity and the further diversification of the Port of Duisburg. The topic of supply chain diversification has an increasingly important meaning," says.

Tan Chong Meng, Group CEO of PSA, said: “We are excited to become a partner in Duisburg Gateway Terminal, alongside its existing shareholders duisport, HUPAC and HTS. As part of Europe’s largest and most sustainable inland port, DGT will be a key gateway in providing green logistics services to Germany’s dense industrial hinterland.

Related:PSA International acquires stake in Vietnam logistics provider SOTRANS Group

“Leveraging PSA’s global ports and supply chain network as well as its strong presence in continental Europe, PSA aims to strengthen the DGT partnership and support Germany’s green energy transition in line with our strategic focus towards enabling smoother, more resilient and sustainable trade.”

About the Author

Gary Howard

Middle East correspondent

Gary Howard is the Middle East Correspondent for Seatrade Maritime News and has written for Seatrade Cruise, Seatrade Maritime Review and was News Editor at Lloyd’s List. Gary’s maritime career started after catching the shipping bug during a research assignment for the offshore industry. Working out of Seatrade's head office in the UK, he also produces and contributes to conference programmes for Seatrade events including CMA Shipping, Seatrade Maritime Logistics Middle East and Marintec. 

Gary’s favourite topics within the maritime industry are decarbonisation and wind-assisted propulsion; he particularly enjoys reporting from industry events.

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Gary Howard regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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