Hapag-Lloyd terminal arm invests in Brazil

Hapag-Lloyd subsidiary Hanseatic Global Terminals (HGT) has signed an agreement with Imetame Group to acquire 50% of the shares in Imetame Logística Porto (ILP) – a joint venture focusing on container terminal operations. Imetame Group is a diversified Brazilian conglomerate founded in 1980. The contracting parties have agreed to not disclose financial details of the transaction.

Both partners will develop and operate the new ‘Hanseatic Global Terminals Aracruz’ container,  on the east coast of Brazil,  that will serve as a modern transhipment and gateway port facility. The terminal, located in Aracruz in the state of Espírito Santo, Brazil, will have a capacity of 1.2 million teu, 750 metres of quay length and state of the art container handling equipment and with a water depth of 17 metres, the facility will be able to handle large ships.

“Latin America is a key strategic market for Hanseatic Global Terminals and Hapag-Lloyd,” said Dheeraj Bhatia, CEO of Hanseatic Global Terminals.

“Our joint venture with the Imetame Group and the development of a new transhipment hub and gateway port on Brazil’s east coast strengthens our terminal portfolio while addressing capacity constraints in a growth region. This investment in the port of Aracruz benefits Brazil by strengthening trade infrastructure via a port closer to consumer markets and key global shipping routes than traditional gateway ports – thereby providing several cargo-originating states an alternative and more efficient access to global markets,” he added.

Etore Selvatici Cavallieri, Chairman of Imetame Group, said, “Hanseatic Global Terminals possesses great expertise to offer the new terminal's customers, importers and exporters efficient cargo handling and further strengthen Brazil's importance in global trade. Beyond operational excellence, we are committed to developing opportunities for the region, boosting jobs and fostering the development of local businesses.