Jade Weser Port News

German shipping company Hapag-Lloyd announced it has signed a binding agreement today under which it will acquire 35% of J M Baxi Ports & Logistics Limited (JMBPL) from a Bain Capital Private Equity affiliate.Additionally, Hapag-Lloyd AG signed a binding agreement with JMBPL and its promoters, the Kotak family, to subscribe to a capital increase by the company and raise Hapag-Lloyd’s shareholding to 40%. The contracting parties agreed to not disclose any financial details of the deal.J M Baxi Ports & Logistics Limited is a private terminal and inland transport service provider in India.

German container liner Hapag-Lloyd on Thursday announced it has completed its acquisition of a minority stake in Italy-based logistics company the Spinelli Group as global shipping firms continue to expand their port presence amid prolonged supply chain disruption.The deal was first announced in September but remained subject to the approval of antitrust authorities.With today’s closing, Hapag-Lloyd has acquired a 49% stake in one of Italy’s leading terminal and transport operators.

Hapag-Lloyd AG and SM SAAM have signed a binding agreement under which Hapag-Lloyd will acquire 100 % of the shares of SAAM Ports S.A. and SAAM Logistics S.A. and thereby the entire company’s terminal business and associated logistics services.The contracting parties agreed upon a price of around $1 billion, which also includes real estate assets related to the logistics business.Chile-based SM SAAM is a terminal operator, logistics company, and towage provider active in multiple countries in the Americas.

German container shipper Hapag-Lloyd is spending billions on expanding and renewing its fleet and looking at investing in more port infrastructure to extend its edge in the post-COVID 19 world economy, chief executive Rolf Habben Jansen told Reuters.The Hamburg-based company, the world's fifth-biggest container line, is armed with a huge war chest after reporting record earnings during the coronavirus crisis, which dislodged shipping capacity, clogged up ports and drove up freight rates."We have currently ordered 22 ships, twelve of them with 24,000 TEU (20-foot equivalent units) and ten with

Fairmount Marine’s ocean going salvage tug Fairmount Expedition, accompanied by tugs Anglian Sovereign and Carlo Magno, have safely delivered container vessel MSC Flaminia in Wilhelmshaven, Germany, after a hair-raising adventure lasting seven weeks. abandoned by her crew at the middle of the Atlantic Ocean. disabled vessel to render assistance. severe risk of explosions. from UK’s J.P. carrying additional salvage experts. the fire. permission to enter a Western European port. Expedition and MSC Flaminia through the English Channel. headed for Wilhelmshaven, Germany.

'MSC Flaminia' & accompanying vessels safely reach Jade Weser Port in Germany. MSC FLAMINIA and its accompanying vessels have arrived safely at Jade Weser Port in Wilhelmshaven. The arrival at the port was without any exceptional occurrences. Earlier the fire-stricken container ship had anchored off Heligoland for a further safety inspection, which confirmed that a secure and hazard-free continuation of its voyage to Wilhelmshaven was possible. The search for the still missing crewmember and the investigations into the cause of the fire will commence as soon as possible. These investigations will approximately last for one week and after that the unloading of the vessel can be started.

New Jade-Weser-Port container hub, Wilhelmshaven set to become Germany's only deep water port Wilhelmshaven has is the largest German import terminal for crude oil, with pipelines supplying refineries in the Rhine-Ruhr region and Hamburg, and also a major handling location for goods such as petroleum products, coal and chemical products. Soon the city will have a new container port, with depths of 18 m, with the ability to handle Maersk's 'Triple-E' class container ships at any state of the tide. The port, which is costing more than 1.0 billion euros ($1.25 billion) mostly from the regional state of Lower Saxony, is scheduled to open for business on August 5.