Hapag-Lloyd has increased its stake in JM Baxi Ports & Logistics to 50%, with a total investment of $800 million, marking a major expansion of its presence in India’s maritime and logistics sector.
The German shipping giant had initially acquired a 35% stake in 2023 from a private equity affiliate and gradually increased its holding through additional capital infusion, ultimately reaching a 50-50 partnership structure.
The partnership is structured across both container and non-container businesses, with Hapag-Lloyd holding a majority stake in container operations while maintaining a near-equal share in other logistics segments.
JM Baxi Ports & Logistics is among India’s leading private terminal and inland transport operators, with a strong presence across major ports including Deendayal Port, Jawaharlal Nehru Port, Visakhapatnam, Paradip, VOC Port, and Haldia.
This investment underscores Hapag-Lloyd’s long-term commitment to India as a key growth market, with plans to further expand infrastructure and cargo capabilities in partnership with JM Baxi. The collaboration is also expected to play a role in upcoming projects such as port development and logistics expansion initiatives in the country.
The deal reflects a broader trend of global shipping companies investing in Indian port infrastructure, positioning the country as a critical hub in global trade and supply chains.
