Qatar buys into Rotterdam port

Monday, 25 December 2023

blog1

The reshuffle of operators at Europe’s largest port continues apace with Qatar coming onboard. 

QTerminals Group and Qatar Navigation have acquired a majority stake in Kramer Holding, a family-run company which runs the Rotterdam Container Terminal. No price has been revealed for the acquisition.

“I’m very excited about this significant milestone in the journey of our family business which started 60 years ago by my father. Today, we mark the beginning of a new chapter joining forces with QTerminals. I believe that their expertise, resources, and industry insights will enable us to expand our horizons and explore untapped opportunities,” said André Kramer, CEO of the Kramer Group.

MORE NEWS : MSC Partners with Valencia to Expand Med’s Busiest Container Port

QTerminals is the second Middle Eastern concern to buy into Rotterdam’s sprawling container activities. Dubai-headquartered DP World has an interest in Rotterdam World Gateway.

Splash reported earlier this week that Taiwanese container giant Evergreen has bought a 20% stake in Rotterdam’s Euromax terminal.

Source : splash247.com

Tags: