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Hong Kong’s Hutchison Ports buys 50% interest in TMA Logistics

LBR Staff Writer Published 04 January 2018

Hong Kong-based Hutchison Ports has purchased a 50% interest in TMA Logistics for an undisclosed sum.

TMA provides a variety of general cargo terminal services to the customers. It carries out warehousing, shipping, logistics and project cargo activities at three sites in Amsterdam and one in Antwerp.

The firm also carries out similar activities at Hutchison Ports Amsterdam (earlier known as Amsterdam Container Terminal (ACT)).

ACT manages three multi-purpose berths in North Europe with total length of 1,015m and depth of 15m.

ACT has better multimodal connections through short sea, inland waterways, road and air. It is directly linked to this network with an on-dock rail facility with three 700m long tracks.

The company operates multiple businesses, including Thor Antwerp and Thor Amsterdam, MEO and ACS Logistics Amsterdam.

Thor Antwerp and Thor Amsterdam offer terminal operations, logistics services, agency, forwarding and chartering, in addition to truck, barge and rail distribution in their respective ports.

MEO and ACS Logistics Amsterdam manage 120,000m² of warehousing space.

Hutchison Ports executive director Clemence Cheng said: “The acquisition of a 50% stake in TMA Logistics complements both our existing operations in Amsterdam and the activities of Hutchison Logistics.”

TMA managing director Gerben Matroos said: “With this step we have the opportunity to grow sustainably in the Amsterdam-Rotterdam-Antwerp range. With the worldwide network of Hutchison Ports, we are now able to expand our activities substantially.”

With around 30,000 employees, Hutchison Ports operates ports and terminals in 26 countries in Asia, the Middle East, Africa, Europe, the Americas and Australasia.

Image: Hutchison Ports has acquired a 50% shareholding in TMA Logistics. Photo: courtesy of Hutchison Port Holdings Limited.