Hapag-Lloyd is investing in the deep-water port of JadeWeserPort in Wilhelmshaven, Lower Saxony, just days after Cosco acquired a stake in a rival container port in Hamburg. The company acquires over 30% of the container terminal and 50% of the shares of the railway terminal in JadeWeserPort.
Hapag-Lloyd has acquired shares in APM Terminals Maersk, but it is not known at what price. The remaining 70% should remain with the Bremen terminal operator, Eurogate. Subject to antimonopoly approval, the contract is expected to close within a few months.
JadeWeserPort is located in the German Bay in Wilhelmshaven, on the North Sea coast of Germany. Hamburg and Wilhelmshaven are competitors in container handling, and before that Hapag-Lloyd mainly handled containers in Hamburg.
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