Most recently France and Brazil, now the USA: Germany’s largest container liner shipping company Hapag-Lloyd becomes the sole owner of Florida International Terminal.
Hapag-Lloyd’s own subsidiary Hanseatic Global Terminals (HGT) has reached an agreement with Grupo Empresas Navieras (GEN) from Chile – with whom the Hamburg-based company last jointly owned the terminal – on a corresponding transaction. It is about “an agreement regarding the capital structure of Florida International Terminal (FIT)”, Hapag-Lloyd announced. Upon completion of this transaction, Hanseatic Global Terminals will become the sole owner of FIT. No information was provided on the previous ownership structure or the financial volume of the transaction.
For Hapag-Lloyd, this is a further step in its expansion strategy for the terminal business. The company Hanseatic Global Terminals was founded specifically for this purpose in 2023. The declared goal is still to build up a portfolio of 30 terminals by 2030. It was only shortly before Christmas that it was announced that the shipping company was entering into a terminal project in Brazil. In March last year, Hapag-Lloyd bought into the port of Le Havre at the western end of the North Range.
FIT is “strategically located at Port Everglades in South Florida and serves one of the largest consumer markets in the world”, according to the statement explaining the latest transaction. The terminal specializes in container and breakbulk handling and offers direct access to major highways and rail networks, which should ensure efficient overland and intermodal transportation as well as access to the region’s hinterland.
Key HGT locations include Container Terminal Altenwerder in Hamburg, JadeWeserPort in Wilhelmshaven, Terminal TC3 in Tangier (Morocco) and Terminal 2 in Damietta (Egypt). The company also manages terminals in North and South America, which were acquired through the takeover of the terminal business of the Chilean SAAM Terminals, and in India through the investment in J M Baxi Ports & Logistics Limited. In addition, Hanseatic Global Terminals holds a minority stake in the Spinelli Group.
