Hapag-Lloyd Invests in Germany’s JadeWeserPort

Hapag-Lloyd has announced that it has invested in JadeWeserPort in Wilhelmshaven in Germany.

In the announcement it was reported that Hapag-Lloyd will take 30% of the container terminal shares at JadeWeserPort and 50% of the rail terminal.

No announcements have been made in the price, but Hapag-Lloyd was to have reportedly taken over a portion of Maersk APM Terminal shares.

The contract is not expected to fully close for months and is also still subject to approval by authorities.