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Hamburg Senate approves MSC deal

Caption: The Container Temrinal Altenwerder, in which Hapag-Lloyd has a stake (Photo: HHLA)

The world’s largest container liner shipping company, MSC, has been given the go-ahead to join HHLA. As was announced today, the Senate of the Hanseatic City of Hamburg has approved the deal.

A corresponding printed matter was passed today and will now be forwarded to the city parliament. In two weeks’ time, Mayor Peter Tschentscher (SPD) is due to make a government statement in parliament[ds_preview].

According to the city portal hamburg.de, a Senate spokeswoman confirmed that the state parliament will now have to deal with the matter in depth. “Irrespective of this, the Senate will, of course, also reclassify and explain the whole thing and the First Mayor will make a government statement on the matter in two weeks’ time,” it says.

MSC wants to continue HHLA together with the City of Hamburg

The City of Hamburg and the world’s largest shipping company, Mediterranean Shipping Company (MSC), want to run HHLA as a joint venture in future, with the city holding a majority stake of 50.1%. The city currently owns around 70% of the listed HHLA. MSC and the city want to increase HHLA’s equity by € 450 million. The shipping company also wants to increase its cargo volume from 2025 onwards and increase it to an additional one million standard containers per year by 2031, according to reports.

MSC is already involved in around 70 terminals worldwide via a subsidiary, for example in Bremerhaven in a joint venture with Eurogate. The MSC shipping company is privately owned by the Aponte family and operates alongside the container liner shipping company MSC Cruises.

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