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2mo ago

CMA CGM Signs Term Sheet to Buy 20% of Eurogate’s Hamburg Container Terminal

The planned minority stake is tied to funding a westward terminal expansion designed to lift capacity and sharpen Hamburg’s competitive position.

Schiffe von CMA CGM sind schon heute häufiger Gast im Hamburger Hafen – das dürfte sich künftig verstärken
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Overview

  • CMA CGM and Eurogate announced a non-binding term sheet for a 20% stake in the Eurogate Container Terminal Hamburg.
  • Closing is targeted for the first half of 2026, contingent on binding contracts, corporate approvals and clearance from authorities.
  • The partnership foresees substantial co-financing of the Waltershof Westerweiterung, adding about 38 hectares and more than one kilometer of new quay to raise capacity from roughly 4 to nearly 6 million TEU.
  • Eurogate stands to gain capital for modernization and its western-port buildout, while CMA CGM secures long-term access and additional throughput for its services.
  • The move aligns with carriers taking stakes in terminals—recent examples include MSC’s 2024 entry into HHLA and Germany’s capped Cosco stake at Tollerort—with unions cautioning about growing shipper influence on local logistics.