TALLINN: July 03, 2018. Hamburg terminal operator and transport company Hamburger Hafen und Logistik (HHLA) has completed the purchase of Estonia’s largest terminal operator Transiidikeskuse (TK) at the Port of Muuga.

“We see great potential in the Port of Muuga, as well as in the entire regional market, and we are determined to make the most of it with the help of TK’s highly motivated workforce,” declared HHLA executive board chairwoman Angela Titzrath. “The takeover of TK is a first successful step in the implementation of our strategy. Hamburg and Tallinn share a long history as Hanseatic cities. We wish to revive this spirit, not least to generate growth in our core market,” she added.

The Port of Muuga is the main port in Estonia and is developing into a multimodal hub as a result of regional infrastructure projects such as Rail Baltica. TK is considered “the clear market leader in container handling in the Baltic country and also operates a multipurpose terminal for break bulk, bulk and RoRo handling,” according to HHLA.

Titzrath (left of picture) also met with Estonia’s minister of Economic Affairs Kadri Simson in Tallinn. The minister said she welcomed HHLA’s commitment to the Port of Muuga as it supported the government’s efforts to attract European investors to the country. Titzrath replied Muuga offered great potential as a European port and HHLA wanted the facility to have a successful future as part of a logistics network.