EU Commission gives green light for Hapag-Lloyd participation in JadeWeserPort
The EU Commission has approved Hapag-Lloyd’s participation in JadeWeserPort Wilhelmshaven, which was announced in September 2021. With the closing of this transaction, the shipping line will take ownership of a 30 percent stake in Container Terminal Wilhellmshaven (CTW) and a 50 percent stake in Rail Terminal Wilhelmshaven (RTW). The terminal operator Eurogate will continue to hold the remaining shares.
Investments in strategic assets along the supply chain are a key part of Hapag-Lloyd’s Strategy 2023. The Participation in JadeWeserPort will help Hapag-Lloyd to further improve its competitive position, especially in Far East trades whilst at the same time strengthening the North German ports. The parties have agreed not to disclose the purchase price.