Allen & Overy customer Hapag-Lloyd expands significantly

container ports

Hapag-Lloyd has invested in the JadeWeserPort. The Hamburg liner company acquired a 30 percent stake in the Wilhelmshaven container terminal and a 50 percent stake in the Wilhelmshaven rail terminal. The seller is the Danish liner shipping company AP Moller-Maersk. Hapag-Lloyd is also one of the joint venture partners building a new container terminal in Daimeta, Egypt.

The JadeWeserPort in Wilhelmshaven, completed in 2012, is considered the easternmost deepwater port in Northern Europe. It offers the only deepwater terminal in the country, an 18-meter-deep fairway and exceptionally large container cranes. The Wilhelmshaven railway terminal connects to the mainland via the port railway. Experts assume that the volume of transshipments will increase as a result of the participation of Hapag-Lloyd. The Eurogate terminal operator will hold the remaining shares in the container and railway stations.

For international ocean freight

Regarding the expansion of the terminal in Egypt, Hapag-Lloyd acquired 39 percent of the joint venture “Dmietta Alliance Container Terminal”. Eurogate Damietta and Contship Damietta each own 29.5%. The remaining 2 percent are held by Middle East Logistics & Consultants and Ship & CREW Egypt. At the new transhipment point, which will be located in the Nile delta, there will be room for 3.3 million standard 20-foot containers. The commissioning is scheduled for 2024.

The transport and logistics company Hapag-Lyod, also owned by the Hanseatic city of Hamburg, can transport up to 1.8 million standard containers with 253 container ships. Its container resources amount to approximately 3.1 million large containers.

Jonas Wittgens

Hapag-Lloyd advisor
Allen & Overy (Hamburg): Dr. Helge Schaefer, Dr. Jonas Wittgens (both leaders; both corporations and mergers and acquisitions), Dr. Börries Ahrens (antitrust law), Dr. Heike Weber (tax law; Frankfurt), dr. Christian Hilmes (real estate law), Dr. Udo Olgemöller (public law), Dr. Tim Müller (compatibility; both in Frankfurt), Dr. Daniel Bolm (Korporacja / M & A); Collaborators: dr. Jan-Benedikt Fischer, Daniel Wendler, Louisa Graubner (all corporations / M & A), dr. Ioannis Thanos (antitrust law), Anna Kräling (trademark law), Catharina Glugla (data protection; both Düsseldorf), Dr. Thomas Dieker (tax law), dr. Anna Jung (public law), Lisa Wantzen (labor law), dr. Jasmin Hense (Compliance), Hauke ​​Jung (Real Estate Law; all of Frankfurt)
Internal law (Hamburg): Thomas Mansfeld (attorney-at-law), Dr. Anne-Kathrin Drettmann (Deputy Director of Corporate Finance and Legal) – known from the market

Doradca Eurogate / Eurogate Damietta / Contship Damietta / Eurokai Group
Rabstein Bla Blaum Dettmer (Bremen): Dr. Götz Grevesmühl (Corporation / M & A) – known from the market

Peter Versteegen

Advisor to AP Moller-Maersk Group
Freshfields Bruckhaus Deringer (Hamburg): Dr. Peter Versteegen (Corporate) – known from the market

Notary (transaction on JadeWeserPort)
Bergstrasse notary office (Hamburg): Dr. Axel Pfeifer – known from the market

background: Recently, an Allen & Overy team led by partner Schäfer advised Hapag-Lloyd on the takeover of the Deutsche Afrika Linien (DAL) container business. This relationship has been around for over 30 years and is now supported by the Hamburg-based firm’s lawyer Wittgen. At the beginning of the year, he was admitted to the group of partners of the Magic Circle law firm.

Hapag-Lloyd relies on a variety of consultants. For example, Hengeler Mueller was authorized to take over Dutch container exporter NileDutch in 2021 or to securitize container freight receivables in 2018. Hapag-Lloyd has frequently turned to White & Case on capital market law issues such as the issuance of sustainable bonds.

Goetz Grevesmuehl

Like Allen & Overy, Blaum Dettmers Rabstein was also represented in both terminal negotiations: Bremen partner Grevesmühl advised Eurogate on the JadeWeserPort transaction, and sister companies Eurogate Damietta and Contship Damietta, which also belong to the Italian Eurokai Group, on Hapags Investment in Egypt.

Other parties involved in the Egyptian container terminal did not use external consultants.

According to JUVE, the Moller-Maersk mandate was Versteegen’s last action under the Freshfields Bruckhaus Deringer flag. The partner from Hamburg has been working in his own law firm, also in Hamburg, since the end of the transaction.

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