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Cosco’s port stake: joy in Hamburg, mistrust in Berlin

Soon to be even more closely tied to Hamburg? A Cosco container ship at the Tollerort container terminal

The Chinese want it. Hamburg’s parliament wants it. And HHLA, the operator of the Port of Hamburg, also wants it. The Chinese shipping company Cosco is to acquire a stake in the Port of Hamburg – but could be stopped by the German Federal Ministry of Economics. Specifically, the deal is for a 35 percent minority stake in “Tollerort,” one of the three container terminals in the Port of Hamburg. The site has four berths and 14 container gantry cranes, and is also very well integrated with five railway tracks for the inland transport of goods.

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