Page 63 - ΝΑΥΤΙΚΑ ΧΡΟΝΙΚΑ - ΜΑΙΟΣ 2023

INTERNATIONAL WATERS Edited by:

Giannis Theodoropoulos, Manos Charitos

in day-to-day operations, building on HAPAG-LLOYD INVESTS IN THE German Economy Ministry recently
the company’s expertise in commercial TERMINAL SECTOR told Reuters.
vessel operations and fuel optimisation. Hapag-Lloyd completed its acquisition This development comes after Ham-
The first customer is Petredec, a leading of 40% shareholding in J M Baxi Ports burg’s Tollerort Container Terminal
global LPG shipping and trading com- & Logistics Limited (JMBPL), previously was classified as critical infrastructure
pany. Maersk Tankers will initially take approved by the relevant antitrust earlier this year, as the risk of political
over the voyage management of seven authority. In January 2023, Hapag- confrontation over increased Chinese
Petredec Global-owned LPG carriers. Lloyd signed an agreement to this investment in the German economy is
The service includes day-to-day vessel effect with an affiliate of Bain Capital visible.
operations, fuel optimisation and claims Private Equity, which held a 35% stake Chancellor Olaf Scholz gave the green
handling, covering full post-fixture sup- in JMBPL, and the Kotak family, which light to Cosco’s acquisition of 24.9% of
port from the time the vessel is fixed for is the majority shareholder of JMBPL. the terminal last October, and accord-
a voyage, through its successful execu- In driving its Strategy 2023, Hapag- ing to an official source, his position
tion, to the closure of the voyage books. Lloyd has continuously expanded its does not appear to have changed.
involvement in the terminal sector,
inter alia through an agreement to ADNOC L&S ENHANCES ITS
acquire the terminal business of Chile- FLEET BY DEPLOYING FIVE
based SM SAAM. In addition, Hapag- VLGCS
Lloyd holds stakes in the Italy-based ADNOC Logistics & Services, the
Spinelli Group, Container Terminal shipping and maritime logistics arm of
Wilhelmshaven, the Container Termi- ADNOC, announced today the deploy-
nal Altenwerder in Hamburg, Terminal ment of five new-build Very Large Gas
TC3 in Tangier, and Terminal 2 in Dami- Carriers (VLGCs). The gas carriers were
etta, Egypt, which is currently under built at Jiangnan Shipyard in Shanghai,
construction. By acquiring a stake in China, and will be owned and operated
JMBPL, Hapag-Lloyd is strengthening by AW Shipping, an ADNOC L&S joint
its presence in the attractive growth venture with Wanhua Chemical Group
market of India while expanding its ter- (Wanhua).
minal and infrastructure business at the As natural gas plays a critical role
same time. as a lower carbon-intensity fuel for
the energy transition, the VLGCs,
BERLIN HAVING SECOND which transport liquified petroleum
THOUGHTS ABOUT COSCO’S gas (LPG), will provide ADNOC L&S
INVESTMENT greater flexibility to meet growing
Germany appears to be having second global gas demand.
thoughts regarding its decision to sell The five VLGCs (Al Ain, Zakher, Rabdan,
to Cosco an equity stake in the Ham- Al Salam and Baynounah), each with a
burg terminal, a spokesperson for the capacity of 86,000 cubic meters, have

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