Hutchison Ports takes 50% stake in TMA Logistics
Hutchison Ports is expanding its footprint in the key Amsterdam-Rotterdam-Antwerp cluster with the acquisition of a 50% stake in TMA Logistics (TMA).
“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,” said Hutchison Ports ed Clemence Cheng in a press release.
“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, ro-ro, vehicle handling, and general and project cargo.”
TMA 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 Hutchison Ports Amsterdam (formerly known as Amsterdam Container Terminal or ACT).
“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,” noted TMA md Gerben Matroos.
“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,” he added.
Hutchison Ports Amsterdam’s three berths spread over 1,015m quay length with 15m draft are some of the deepest multi-purpose berths in North Europe. Its central location and excellent hinterland connections offer fast, efficient, reliable and sustainable transits and this will be further enhanced when a new sea lock, the largest in the world, opens at the end of 2019 at the entrance to the North Sea Canal.