HANSEATIC Global Terminals have joined the list of container lines expanding vertical penetration of the supply chain by acquiring a majority stake in terminal operator CNMP LH in Le Havre. Last week Daily Cargo News reported a Hutch/MSC deal and CMA CGM’s pledge to expand in terminals in the USA.
Now, the Hapag-Lloyd-owned Hanseatic said in a media release on 11 March that it had acquired 60% of the shares in CNMP LH from Seafrigo Group.
CNMP LH operates the Atlantique container terminal in Le Havre, France, as an independent company for its customers worldwide.
The remaining 40% of the shares in CNMP LH will continue to be held by Seafrigo Group, a company specialized in temperature-controlled food logistics.
Financial details of the transaction have not been disclosed.
One of the largest ports in Europe, Le Havre is the most important port for sea transport to and from France with an annual container throughput of 3 million TEU.
HGT CEO, Dheeraj Bhatia said container throughput is expected to grow in coming years – including in the attractive reefer container business.
“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,” Mr Bhatia said.
President of Seafrigo Group, Eric Barbé he was pleased to have a strong partner in Hanseatic Global Terminals, with whom it was planned to continue to modernize the CNMP LH terminal in Le Havre.
“This will significantly raise the profile of our joint terminal as an important gateway for container transports in the Port of Le Havre,” Mr Barbé said.
The release said terminal and infrastructure investments were a crucial component of Hanseatic Global Terminals’ strategic agenda, aiming at further developing its portfolio to expand to more than 30 terminals by 2030.
