Mediterranean Shipping Co (MSC), the world's largest container line, has acquired a 49.9% stake in Hamburger Hafen und Logistik Aktiengesellschaft (HHLA), marking a major shift in northern Europe's container port dynamics. The city of Hamburg retains a 50.1% stake in HHLA.
MSC plans to increase container throughput at HHLA terminals to at least 1 million TEU annually starting in 2031. The agreement also includes a joint investment of €450 million by MSC and Hamburg to support port infrastructure upgrades.
In addition to its port investment, MSC will establish its new German headquarters in Hamburg’s HafenCity. The facility, set to employ 700 people, will begin construction in 2026.
MSC CEO Søren Toft emphasized the company's commitment to Hamburg’s port legacy, calling it a key "gateway to the world." This partnership solidifies Hamburg’s position as a leading hub for global container shipping.