The Singapore headquartered and global port operator PSA International Pte Ltd (PSA) announce that it has signed an agreement to buy a 22 percent minority stake in the Duisburg Gateway Terminal GmbH (DGT).
Upon completion of transaction, which is subject to the approval of Germany’s competition and supervisory authorities as the company inform, PSA will join Hupac, HTS and duisport as shareholders of the Duisburg Gateway Terminal GmbH.
The Duisburg Gateway Terminal GmbH is a part of the Port of Duisburg on the River Rhine, and the company mention that DGT will be the first 100% climate-neutral and with an area of 235,000 square meters it will also be the largest container terminal in the European hinterland when completed.
The construction of the trimodal DGT is on schedule and the first construction phase is scheduled for completion in the first quarter of 2024.
Markus Bangen, CEO duisport, said that “We are pleased to have gained an important strategic partner for the DGT company in PSA, which will contribute significantly to the success of the Duisburg Gateway Terminal with its
various business segments in Europe, Asia and worldwide. This network expansion strengthens both the competitive diversity and the further diversification of the Port of Duisburg. The topic of supply chain diversification has an increasingly important meaning,”
“We are excited to become a partner in Duisburg Gateway Terminal, alongside its existing shareholders duisport, HUPAC and HTS. As part of Europe’s largest and most sustainable inland port, DGT will be a key gateway in providing green logistics services to Germany’s dense industrial hinterland. Leveraging PSA’s global ports and supply chain network as well as its strong presence in continental Europe, PSA aims to strengthen the DGT partnership and support Germany’s green energy transition in line with our strategic focus towards enabling smoother, more resilient and sustainable trade.” Tan Chong Meng, Group CEO of PSA, said.
