11-Nov-2005

Europe Container Terminals (ECT), a member of the Hutchison Port Holdings Group, is pleased to announce the acquisition of a majority stake of 51.56 per cent, from the current shareholding of 27 per cent, in DeCeTe Duisburger Container Terminal (DeCeTe), a large trimodal inland terminal in Duisburg, Germany.

With the support from the other shareholders, the shares were officially transferred today.

Commenting on the investment, Jan Westerhoud, President of ECT said, “DeCeTe fits perfectly into ECT’s strategy of strengthening the connections between hinterland container flows and the sea terminals in Rotterdam, thereby further improving the service quality to our customers. A barge shuttle (journey of approx. 16 hours) and a train shuttle (journey of approx. 3 hours) maintain daily connections to the ECT Delta Terminal, ECT Home Terminal and the ECT Hanno Terminal in Rotterdam.”

DeCeTe is based in Germany in the heart of the Ruhr valley region, Germany’s most important economic centre. The trimodal terminal (15.6 hectare) lies on the river Rhine and has its own rail connection. Four wide-span gantry cranes ensure the efficient trans-shipment of containers from inland ships, short-sea ships, trains and trucks.

In addition, DeCeTe also provides other value-added services which include warehousing and storing facilities to PCD and Seacon. The adjacent DUSS rail terminal offers rail connections with 60 destinations throughout the entire European Continent.