Hanseatic Global Terminals (HGT), a fully owned subsidiary of Hapag-Lloyd, has purchased a 60% stake in CNMP, an independent container terminal operator of Le Havre port on France’s Atlantic coast.
The financial details of the transaction have not been disclosed.
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The remaining 40% of CNMP shares will remain with Seafrigo Group, which specialises in temperature-controlled food logistics.
Le Havre is one of the top ten largest ports in Europe that offers better hinterland connections, including to Paris. It is a key hub for sea transport to and from France, boasting an annual container throughput of three million twenty-foot equivalent units (TEU).
CNMP operates the Atlantique container terminal at the Le Havre port. The container throughput at the terminal, particularly in the reefer container business, is expected to grow in the future.
HGT CEO Dheeraj Bhatia said: “By acquiring a majority stake in the CNMP LH terminal in Le Havre, we are strengthening our position in one of our core European markets.
“At the same time, we are continuing to expand our global terminal portfolio while paving the way for targeted investments to enhance efficiency.”
HGT’s strategic agenda includes terminal and infrastructure investments, with the goal of expanding its portfolio to more than 30 terminals by 2030.
Currently, HGT manages stakes in 21 port terminals and complementary logistics services across 12 countries and four continents.
The company’s global network is bolstered by its presence in strategic European hubs, such as Germany and the Mediterranean.
HGT’s portfolio also includes port terminals and related logistics services operated by SAAM Terminals in Latin America and Florida, US, and a presence in the Indian market through J M Baxi, an integrated terminal and logistics provider.
Last month, Hapag-Lloyd obtained green financing for the expansion of its fleet, which includes 24 new container vessels.
These ships have a total capacity of 312,000 TEU and represent an investment of around $4bn.
