Hapag-Lloyd said that the EU Commission has approved its bid in JadeWeserPort Wilhelmshaven earlier announced in September 2021.

Hapag-Lloyd is seeking to acquire a 30% stake in Container Terminal Wilhelmshaven (CTW) and 50% of the shares of Rail Terminal Wilhelmshaven (RTW) at JadeWeserPort, Germany's largest harbour project.

Hapag-Lloyd said the investments in strategic assets along the supply chain are a key part of its Strategy 2023.

"The participation in JadeWeserPort will help Hapag-Lloyd to further improve its competitive position, especially in Far East trades whilst at the same time strengthening the North German ports," the German shipping line said.

The parties have agreed, however, not to disclose the purchase price.

"With the closing of this transaction, the shipping line will take ownership of a 30% stake in Container Terminal Wilhelmshaven (CTW) and a 50% stake in Rail Terminal Wilhelmshaven (RTW)," Hapag-Lloyd said.

It added that the terminal operator Eurogate will continue to hold the remaining shares.