Friday, December 22, 2017

Ports Group Buys Half of Netherlands Based Warehousing, Logistics and Cargo Handling Outfit

Hong Kong Based Group Extends European Portfolio
Shipping News Feature
BENELUX – Hutchison Ports has announced its acquisition of a 50% shareholding in TMA Logistics BV (TMA). The company has a variety of general cargo terminal operations together with warehousing, shipping, logistics and project cargo activities at three sites in Amsterdam and one in Antwerp as well as at the Hutchison Ports’ Amsterdam Container Terminal (ACT). Clemence Cheng, Executive Director, Hutchison Ports, commented:

“The acquisition of a 50% stake in TMA Logistics complements both our existing operations in Amsterdam and the activities of Hutchison Logistics. We have developed a good working relationship with TMA over the last three years which has brought a range of operations to ACT.

“Together with TMA, we will maximise the benefits of operating through Hutchison Ports’ network to develop new business opportunities in areas including short-sea container traffic, RoRo, vehicle handling, and general and project cargo.”

ACT has three berths with total length of 1,015 metres and depth of 15 metres, currently some of the deepest water multi-purpose berths in North Europe. Access will be further improved when a new sea lock, the largest in the world, opens at the end of 2019 at the entrance to the North Sea Canal.

TMA operates a number of businesses, Thor Antwerp and Thor Amsterdam provide terminal operations, logistics services, agency, forwarding and chartering as well as truck, barge and rail distribution in their respective ports. MEO and ACS Logistics Amsterdam operate 120,000 m2 of warehousing, and Gerben Matroos, Managing Director of TMA observed:

“With this step we have the opportunity to grow sustainably in the Amsterdam-Rotterdam-Antwerp range. With the worldwide network of Hutchison Ports, we are now able to expand our activities substantially. The North Sea Canal terminals in Velsen and Amsterdam are ideally located for offshore activities related to oil, gas and wind energy. Also, local hubs for markets in building and construction materials have great potential. Short sea connections from the Amsterdam terminal include Sweden, Finland, UK and Norway, together with rail connections to Germany and China.”