PSA plans to invest in the new German inland port of Duisburg

Singapore-based PSA International, already a major global port operator, is looking to expand its position in Europe by acquiring a stake in the German inland port Duisburg Gateway Terminal. PSA follows COSCO, which made a major investment in Germany but pulled out of the Duisburg project.

PSA signed an agreement to acquire a 22 percent stake in Duisburg Gateway Terminal GmbH (DGT), the development company for the new inland container terminal. PSA joins Hupac, HTS and Duisport as shareholders of DGT. COSCO sold its 30 percent stake in DGT back to Duisport last autumn. No explanation was given for the sale, but COSCO was addressing concerns from the German government at the time, which wanted to limit the Chinese company’s investments, including lowering the percentage ownership limit for the Hamburg terminal to under 25 percent. COSCO has completed its investment in June 2023 takeover of the position at Hamburger Container Terminal Tollerort (CTT).

Duisburg is already an important center for Asian trade. According to reports, over 30 trains from China arrive at the port every day. It is part of China’s New Sil Road initiative.

The development plans envisage Duisburg becoming the largest inland container port in the world. The new terminal, the first phase of which is scheduled to open in the first quarter of 2024, will cover over 2.5 million square meters. The port has 21 docks and nine container terminals, which already handle 4 million TEU annually. The port on the German Rhine handles more than 58 million tons of cargo every year. The new DGT terminal will also be the first 100 percent climate-neutral inland container terminal in Europe.

“By leveraging PSA’s global port 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 on enabling smoother, more resilient and more sustainable trade .” said Tan Chong Meng, Group CEO of PSA, announcing plans for the investment.

In addition to its Singapore operations, PSA already has a strong presence in Europe in Belgium, as well as terminals in Italy, Portugal and Poland. PSA operates a total of 60 deep sea, rail and inland terminals at 160 locations in 42 countries.

The investment in DGT is subject to the approval of the German competition and supervisory authorities.

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