by Manal Barakat, SeaNewsEditor

Hanseatic Global Terminals, a subsidiary of German carrier Hapag-Lloyd, announced that it completed the acquisition of 60% of the shares in operator CNMP at the French port of Le Havre.

Hapag-Lloyd said in a press release that the acquisition strengthens its position in the European market.

“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,” said Dheeraj Bhatia, Chief Executive Officer (CEO) of Hanseatic Global Terminals (HGT).

“At the same time, we are continuing to expand our global terminal portfolio while paving the way for targeted investments to enhance efficiency.”

Le Havre Port is among the 10 largest ports in Europe, with an annual throughput of nearly 3 million TEU.

In pursuit of achieving the promised 90% reliability in its partnership with Maersk, Hapag-Lloyd highlighted that terminal and infrastructure investments represent a crucial component.

This key form of investment in ports provides carriers with control over port operations, enabling faster ship handling and, thus, improved on-time performance.