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Port of Hamburg: Cosco sets deadline for entry

The Chinese shipping company Cosco has set a deadline for the German government to approve its planned participation in a Port of Hamburg terminal. According to the German broadcaster NDR, the federal government is to issue the outstanding approvals by the end of the year. Hamburger Hafen und Logistik AG (HHLA) is also in favor of the stake. However, the Federal Ministry of Economics recently expressed reservations about the deal (China.Table reported). Economy Minister Robert Habeck said as recently as mid-September, “I’m leaning in the direction that we don’t allow it.” Habeck said he wanted to be more critical of Chinese investments in Germany in the future. A decision is expected for October. nib

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