The global container terminal operator APM Terminals, a subsidiary of Danish shipping giant A.P. Moller – Maersk (Maersk), and German-based Eurogate aim for and are in advanced negotiations for a long-term partnership under which they plan to invest €1bln in the modernisation of their joint container terminal North Sea Terminal Bremerhaven (NTB).

The plan of the two companies is to modernise the equipment and increase the terminal’s capacity from 3 to 4 million TEU throughput annually.

Through the electrification of equipment and the use of renewable electricity, the terminal is intended to operate with zero Green House Gas emissions, the statement of the companies reads.

The planned investments remain subject to internal and external approvals.

In accordance with the companies, the deepening of the Outer Weser river is an essential prerequisite for fully unlocking the potential of the upgraded terminal. A corresponding planning process is currently underway at the level of the public administration.

“Bremerhaven has unique potential to grow as a strategic hub in the region and to support cargo flows into Germany as well as our ocean network. Our investments are intended to realise the full potential of the terminal, making NTB one of the most competitive terminals in Europe’s North Range. We aim to future-proof the terminal over the long term, while strengthening the reliability and resilience of supply chains for the German economy,” said Vincent Clerc, chief executive of A.P. Moller – Maersk.

“With our NTB terminal we can proudly look back on more than 25 years of successful partnership with Maersk and APM Terminals and look forward to continuing this success story together in the future,” added Michael Blach, chairman of the EUROGATE Group Management Board.