Focus topics


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.

Continue reading now

Get 30 days of free access to the Decision Brief to read these and more quality news every day.

Are you already a guest at the China.Table? Log in now

Related

    Yuan at all-time low
    Porsche hopes for cult following
    AI to mitigate risk of blackouts
    Box-office hit ‘Return to Dust’: Too authentic for Beijing