by Manal Barakat, SeaNewsEditor
On 12 November, Eurogate Container Terminal Hamburg (CTH) announced that it had entered into an agreement with French carrier CMA CGM, which includes acquiring a 20% share in Eurogate Container Terminal in Hamburg Port.
CMA Terminals SAS, the liner's port arm, and Eurogate have agreed on the framework for a strategic partnership aimed at strengthening CMA CGM’s presence in Germany's largest container port and supporting the future development of the facility.
According to the press release, both companies are exploring a westward extension of the terminal at Waltershof. In addition, the partnership aims to modernise, digitise, automate, and electrify handling processes to improve efficiency and reduce environmental impact.
Rodolphe Saadé, Chairman and CEO of CMA CGM Group, described the collaboration as a significant step for the Port of Hamburg, reinforcing its role as a major European trade hub.
This move also marks CMA CGM as the third international shipping company to invest in Hamburg’s container terminals in recent years, following COSCO's 24.9% stake in HHLA’s Tollerort terminal.
While an agreement has been reached, legal details and binding contracts remain under negotiation and will require approval from relevant corporate bodies and authorities.
