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Hanjin Shipping sells TTI Algeciras

Hanjin Shipping has announced that IBK Securities Company and Korea Investment Partners Company have made the best offer for its Algeciras-based container terminal, TTIA

The sales of Total Terminals International Algeciras (TTIA) has been mooted for some time (see, for example, WorldCargo News, January 2014, p8), as Hanjin seeks ro reduce debt levels. A firm agreement is expected to be signed within the next six months. It is reported that the consortium of IBK and KIP has agreed to buy a 70% stake for W180B (€121.8M).

The sale is one of several measures being taken by Hanjin Shipping to strengthen the group’s financial structure.

The regional government of Andalusia in Spain recently made available €3.86M of financial incentives to TTIA to support the proposed expansion of its container terminal at Isla Verde Quay. This initiative, which is part of a €44.1M investment package, will help TTIA compete with regional rivals, such as Tanger-Med, claimed the government. Once implemented, TTIA would have an additional 83,000 m² of yard; currently it operates an area of 293,000 m². This new operating area would be associated with thr acquisition of another 12 ASCs.

In 2013, TTIA reported a throughput of 1.21M TEU, up 4.1% over 2012. Traffic has gone up every year since TTIA commenced operations in 2010.

via: www.worldcargonews.com

Qatar, August 15, 2023QTerminals Group (51% Qatar Ports Management Company Q.C.S.C (Mwani Qatar) and 49% Qatar Navigation Q.P.S.C (Milaha)) has acquired a majority stake in “Kramer Holding B.V.”, a provider of integrated logistics and container services located in the Port of Rotterdam in the Netherlands.

The acquisition of Kramer Group represents an important milestone in the expansion of QTerminals, as the Port of Rotterdam is the largest port in Europe and is a significant addition to QTerminals Group’s record of success in diversifying its operations. In addition, this acquisition further reinforces QTerminals Group’s commitment to contribute towards Qatar National Vision 2030 which aims for the diversification of the national economy and foreign investments.

The CEO of QTerminals, Mr. Neville Bissett, stated: “Kramer Group is an important strategic step for QTerminals as we will expand our presence into Europe’s largest port. Kramer Group complements QTerminals and adds existing business, a robust value-creating service offering and European network to QTerminals portfolio.
Kramer Group has both core and strategic importance to the Port of Rotterdam, as it supplements the Port’s activities whilst having direct access to the deep-sea terminals of the Port of Rotterdam.
The acquisition of the Kramer Group by QTerminals allows its entry and presence in the largest port in Europe which makes QTerminals Group’s position stronger in relation to future opportunities in Europe and other developed global markets.
The presence of QTerminals in the Port of Rotterdam is strategic and reputable for QTerminals Group in particular and for the State of Qatar in general as QTerminals Group’s profile will become known in the largest European port..

“I’m very excited about this significant milestone in the journey of our family business which started 60 years ago by my father. Today, we mark the beginning of a new chapter joining forces with QTerminals. I believe that their expertise, resources, and industry insights will enable us to expand our horizons and explore untapped opportunities. Whilst maintaining our culture, organization, core team and our commitment to delivering the superior quality services to our clients in almost all aspects of container logistics”, said André Kramer, CEO of the Kramer Group.
By acquiring Kramer Group, QTerminals will continue to develop its world leading technical and operational know-how to enhance and optimize its potential as one of the leading providers of integrated container logistics services in Europe.

Kramer Group’s development and growth in recent years are indicators of good corporate management and governance of the organization. “Following our assessment of the current organization, we are excited to retain and welcome Kramer’s key management personnel and employees into QTerminals, including Mr André Kramer, who will continue as Chief Executive Officer” said Neville Bissett.

About Kramer Group

The Kramer Group is an integrated container handling and storage, terminal, container development and logistics services provider, located in the Port of Rotterdam, and is the only independent terminal in the Maasvlakte area, and one of the few multi-user depot terminals in the port.

The Company operates in six different locations with network access to the principal terminals, of which five are at the Maasvlakte and one at the Eem-/Waalhaven, and has tri-modal transport options via rail, water and road.