Hapag-Lloyd increases stake in JM Baxi

Hapag-Lloyd has officially increased its ownership in JM Baxi Ports & Logistics to 50%. This marks a significant rise from its original 35% stake acquired in early 2023. A series of capital injections facilitated this growth, first moving the share to 40% and most recently adding the final 10% to reach the halfway mark, according to DynaLiners.

Granular ownership structure The partnership features a specific division of ownership based on the nature of the business operations:

• Container Operations: Hapag-Lloyd holds a majority stake of 51%.

• Non-Container Operations: Hapag-Lloyd holds a minority stake of 49%.

Strategic asset footprint in India JM Baxi operates a comprehensive logistics network across India, including multipurpose terminals, inland container depots (ICDs), freight stations, and rail activities. Its marine terminal portfolio spans several key maritime hubs:

• Terminal Locations: Kandla, Haldia, Nhava Sheva (2 terminals), Paradip, Tuticorin, and Visakhapatnam.

• Total Capacity: Approximately 4.8 million TEU.

By securing this 50% stake, Hapag-Lloyd strengthens its integrated logistics presence in the Indian market, linking its ocean services with a robust inland and terminal infrastructure.

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