The City of Hamburg and MSC Group have agreed to provide €450 million in capital to support the necessary future investments in HHLA.
Last week, the City of Hamburg carried out a capital increase in the Hamburg container terminal Hamburger Hafen und Logistik AG (HHLA) in order to allow the Port of Hamburg Beteiligungsgesellschaft SE , a subsidiary of the Mediterranean Shipping Company (MSC), to join the company.
Under the agreement, the City of Hamburg will remain the majority shareholder. It will jointly manage the company with MSC and thus continue to develop HHLA. The City of Hamburg will hold a 50.1% stake and MSC a 49.9% stake.
Both the City of Hamburg and the MSC Group are committed to driving the strategic development of HHLA and the Port of Hamburg.
To this end, MSC Group will significantly increase cargo throughput at the HHLA terminals to a minimum volume of 1,000,000 TEU per year from 2031. In addition, the City of Hamburg and MSC Group have agreed to contribute €450 million in capital to support the necessary future investments at HHLA.
In a next step, the City of Hamburg, HHLA and the MSC Group will jointly finalise medium-term business and investment plans for HHLA in order to promote its long-term competitiveness.
To further underline its commitment to Hamburg, MSC Group has also announced that it will build its new German headquarters in Hamburg’s HafenCity with plans to employ approximately 700 people. Construction is scheduled to begin in 2026.
Mediterranean Shipping Company consolidates its position in the global container shipping market by reaching a market share of 19.8% in 2024.
MSC’s shipping line sails on 300 trade routes and calls at 520 ports, transporting some 24.5 million TEUs annually. The MSC Group, including its passenger businesses, employs 200,000 people worldwide.
