Hapag-Lloyd has signed an agreement with APM Terminals to acquire a 25 per cent stake in APM Terminals Maasvlakte II (MVII). As partners, both companies will support the terminal’s continued development, capacity expansion and operational performance.
With the transaction, Hapag-Lloyd will secure long-term automated terminal handling capacity. It also strengthens its worldwide terminal presence, under its Terminals and Infrastructure division Hanseatic Global Terminals (HGT). APM Terminals will retain operational control of Maasvlakte II.
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Important for Gemini Cooperation
The investment underlines the importance of Maasvlakte II as a key European hub for the Gemini Cooperation. This is a collaboration between Hapag-Lloyd and A.P. Moller-Maersk.
‘With the planned investment in Rotterdam, we will further enhance the efficiency and reliability of our network. The terminal is a key element for the Gemini Cooperation and fits well with our strategy to build a stronger terminal portfolio in core markets,’ says Dheeraj Bhatia, CTIO of Hapag-Lloyd AG and CEO of Hanseatic Global Terminals.
Keith Svendsen, CEO of APM Terminals: ‘Hapag-Lloyd’s investment is a strong vote of confidence in a terminal that is critical to the Gemini network and to Rotterdam. This transaction reflects the close partnership between APM Terminals and Hapag-Lloyd and our shared commitment to the terminal’s long-term development and performance. The ongoing expansion is being delivered through close collaboration between the MVII team, the works council and the Port of Rotterdam Authority.’
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Expansion at APM Terminals Maasvlakte II
APM Terminals Maasvlakte II has been operational since 2015. It is currently undergoing a major expansion to further strengthen its role as a key European gateway. The expansion includes additional 1000 metres of deep-sea berth, bringing the total deep-sea berth length to 2000 metres, as well as additional yard capacity, four extra rail tracks and the deployment of Automated Terminal Tractors (ATTs) and additional automated equipment.
In the new configuration, the terminal is expected to grow towards an annual handling capacity of 5.4 million TEU. This further enhances Maasvlakte II’s operational resilience and ability to support future cargo flows through Rotterdam.
The parties have agreed not to disclose any financial details of the transaction. Completion of the transaction is subject to approval by the relevant authorities and regulators.
Picture by Hapag-Lloyd.
Also read: Mega expansion APM Terminals MVII kicks off
