German-founded logistics provider Rhenus has taken a 49.9% stake in Rietlanden Terminals, based in Amsterdam, Netherlands.
Rietlanden operates berths at both Afrikahaven and Amerikahaven, to the west of Amsterdam’s main commercial port. The company specialises in the transhipment of dry bulk cargo, with a significant interest in coal, which it works with several German power stations to provide.
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The minority acquisition was made with the Port of Amsterdam’s environmental and social policies in mind, specifically, its promise to end all coal handling at the port by 2030.
Rhenus said it intends to acquire the remaining 50.1% from the current owners, JERA Global Markets, in 2027. In a company announcement, it said it plans to “join forces” with JERA until then.
“We are delighted to welcome Rietlanden Terminals to our already extensive terminal network in Europe. Joining forces with JERA Global Markets is a natural fit, as we clearly share the same values,” explained Michael Appelhans, managing director of Rhenus Ports.
With the addition of Rietlanden in Amsterdam, by 2027, Rhenus will double its capacity in terms of port terminal area in the Netherlands and welcome 100 new colleagues.
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By GlobalData“This investment will be an outstanding opportunity for future growth at the Port of Amsterdam and to further expand our presence in the Netherlands in addition to our multi-purpose terminals in Rotterdam”, says Peter van der Steen, managing director of Rhenus Port Logistics in the Netherlands.
Rietlanden has a series of floating cranes which allow the company to operate wherever bulkers moor up in Amsterdam’s harbours to load or unload goods.
Its Amsterdam facilities can store 2.6 million tonnes.
van der Steen further added: “We’re going to develop the terminal in Afrikahaven and turn it into a multi-user terminal that focuses on storing and transhipping more environmentally friendly bulk commodities.”
