+
Hapag-Lloyd acquires stake in J M Baxi Ports & Logistics Limited
PORTS & SHIPPING

Hapag-Lloyd acquires stake in J M Baxi Ports & Logistics Limited

In accordance with a legally binding agreement, Hapag-Lloyd will purchase 35% of J M Baxi Ports & Logistics Limited (JMBPL) from a subsidiary of Bain Capital Private Equity. In addition, Hapag-Lloyd AG entered into a legally binding agreement with JMBPL and its promoters, the Kotak family, to participate in the company's capital expansion and boost Hapag-ownership Lloyd's stake to 40%. The contracting parties agreed to keep all relevant financial information between themselves.

Leading private terminal and inland transport service provider in India is J M Baxi Ports & Logistics Limited. The operations include rail service options across India, as well as container ports, a multipurpose terminal, inland container depots, and container freight stations.

The business has about 5,400 employees and manages about 1.6 million TEU in total container volume. Recently, additional concessions for running container ports in Nhava Sheva and Tuticorin were awarded to J M Baxi Ports & Logistics Limited.

“Terminal and infrastructure investments are a crucial element of our strategic agenda and India is one of our key growth markets. Acquiring a significant share in J M Baxi Ports & Logistics Limited will significantly boost our presence in India with a trusted local partner and it is another important step to build up our terminal and infrastructure business,” said Rolf Habben Jansen, CEO of Hapag-Lloyd.

Hapag-Lloyd has steadily increased its presence in the terminal industry as part of its Strategy 2023, most notably through a deal to buy the terminal operations of SM SAAM, a company established in Chile. Additionally, Hapag-Lloyd owns shares in the Italian Spinelli Group, the JadeWeserPort in Wilhelmshaven, the Container Terminal Altenwerder in Hamburg, the Terminal TC3 in Tangier, and the currently under construction Terminal 2 in Damietta, Egypt.

The required authorities' approval and additional conditions typical for a transaction of this kind must both be satisfied before the transactions may be closed.

About Hapag-Lloyd-
Hapag-Lloyd is one of the top liner shipping firms in the world, operating a fleet of 252 contemporary container ships with a combined transit capacity of 1.8 million TEU, according to J M Baxi Ports & Logistics Limited, Bain Capital Private Equity. The company employs about 14,500 people, and it has more than 400 offices spread throughout 137 nations. 3.0 million TEU of container capacity is available from Hapag-Lloyd, which also possesses one of the biggest and most advanced fleets of refrigerated containers. More than 600 ports are connected quickly and reliably across all continents thanks to 123 liner services worldwide. One of the top operators in the transatlantic, Middle Eastern, Latin American, and intra-American trades is Hapag-Lloyd.

See also:
JM Baxi ports to bid for port associated projects worth Rs 7,000 crore
Container Freight rates to increase on more China lockdowns


In accordance with a legally binding agreement, Hapag-Lloyd will purchase 35% of J M Baxi Ports & Logistics Limited (JMBPL) from a subsidiary of Bain Capital Private Equity. In addition, Hapag-Lloyd AG entered into a legally binding agreement with JMBPL and its promoters, the Kotak family, to participate in the company's capital expansion and boost Hapag-ownership Lloyd's stake to 40%. The contracting parties agreed to keep all relevant financial information between themselves. Leading private terminal and inland transport service provider in India is J M Baxi Ports & Logistics Limited. The operations include rail service options across India, as well as container ports, a multipurpose terminal, inland container depots, and container freight stations. The business has about 5,400 employees and manages about 1.6 million TEU in total container volume. Recently, additional concessions for running container ports in Nhava Sheva and Tuticorin were awarded to J M Baxi Ports & Logistics Limited. “Terminal and infrastructure investments are a crucial element of our strategic agenda and India is one of our key growth markets. Acquiring a significant share in J M Baxi Ports & Logistics Limited will significantly boost our presence in India with a trusted local partner and it is another important step to build up our terminal and infrastructure business,” said Rolf Habben Jansen, CEO of Hapag-Lloyd. Hapag-Lloyd has steadily increased its presence in the terminal industry as part of its Strategy 2023, most notably through a deal to buy the terminal operations of SM SAAM, a company established in Chile. Additionally, Hapag-Lloyd owns shares in the Italian Spinelli Group, the JadeWeserPort in Wilhelmshaven, the Container Terminal Altenwerder in Hamburg, the Terminal TC3 in Tangier, and the currently under construction Terminal 2 in Damietta, Egypt. The required authorities' approval and additional conditions typical for a transaction of this kind must both be satisfied before the transactions may be closed. About Hapag-Lloyd- Hapag-Lloyd is one of the top liner shipping firms in the world, operating a fleet of 252 contemporary container ships with a combined transit capacity of 1.8 million TEU, according to J M Baxi Ports & Logistics Limited, Bain Capital Private Equity. The company employs about 14,500 people, and it has more than 400 offices spread throughout 137 nations. 3.0 million TEU of container capacity is available from Hapag-Lloyd, which also possesses one of the biggest and most advanced fleets of refrigerated containers. More than 600 ports are connected quickly and reliably across all continents thanks to 123 liner services worldwide. One of the top operators in the transatlantic, Middle Eastern, Latin American, and intra-American trades is Hapag-Lloyd.See also: JM Baxi ports to bid for port associated projects worth Rs 7,000 crore Container Freight rates to increase on more China lockdowns

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?