Strategic partnership deepens German carrier’s footprint in India’s port and logistics sector.

Hapag-Lloyd Raises Stake in JM Baxi Ports & Logistics to 50% with $800 Million Investment.

Hapag-Lloyd AG has increased its stake in JM Baxi Ports & Logistics to 50%, marking a significant expansion of its presence in the Indian maritime and logistics market. The German container shipping major has made a cumulative investment of approximately $800 million to build this position, according to CEO Rolf Habben Jansen. Hapag-Lloyd first acquired a 35% stake in the Mumbai-based company in January 2023 and subsequently raised it to 40% before reaching the current 50% through capital infusion. The investment is spread across three JM Baxi group entities, reflecting a long-term partnership rather than a narrow focus on container shipping alone. JM Baxi Ports & Logistics is among India’s leading private terminal and inland logistics operators, with a diversified portfolio spanning container terminals, multi-purpose ports, inland container depots, container freight stations, and rail services. The company operates key terminals across both the western and eastern seaboards, strengthening Hapag-Lloyd’s strategic access to India’s growing trade and logistics ecosystem.