Evos launches in Hamburg: Important member of Hamburg port business community changes ownership

Today, Evos Hamburg announces its change of ownership following the sale of the Vopak Dupeg Terminal Hamburg to First State Investments, the international arm of First Sentier Investors. The tank terminal established in Wilhelmsburg in 1953, offers capacity for 149 tanks and a total capacity of 670,000 cbm for various liquid products. Jos Steeman, Managing Director of Vopak Germany, will remain at the terminal to oversee a smooth transition to new ownership.

Jos Steeman, Managing Director of the Evos Hamburg, is excited about the future business prospects of the established terminal: “Liquid goods will continue to play an important role in our energy supply. The Terminal of Evos Hamburg provides an ideal infrastructure for climate-neutral, synthetic fuels and will therefore be a relevant player in the energy transition towards renewable energy.” “Our existing and future customers can expect an outstanding level of service and high standards in safety, sustainability and efficiency.” “We look forward to contributing to a thriving Hamburg port business community. As a gateway to Northern, Eastern and South- Eastern Europe and with its excellent transport connections, Hamburg will continue to be an important hub for the storage of liquid products.”

“The Terminal in Hamburg takes its responsibility towards the environment and local residents of nearby Wilhelmsburg seriously and this will form an integral part of our business strategy.” Alex Nassuphis, Director of Infrastructure Investments, First State commented: "We are delighted about the launch of Evos Hamburg today. This terminal benefits from a diversified portfolio of liquid products and renowned world-class storage and handling services. It provides an excellent fit with First State's long-term infrastructure investment philosophy. First State looks forward to working with the highly skilled management team and employees on site and continuing to develop and grow the business."

A launch event will take place on Wednesday, 8th January 2020, attended by Senator Michael Westhagemann and Jens Meier, CEO of the Hamburg Port Authority.

About First State Investments
First State Investments is a global asset management business with experience across a range of asset classes and specialist investment sectors. In Australia First State now operates as First Sentier Investors. First State offers a range of investment solutions to institutional and retail investors globally, including equities, debt, multi-asset and unlisted infrastructure.