- Waiting for decision on Cosco terminal entry
- Beijing portrays itself as a bigger spy victim
- Chinese emissions trading with flaws
- Chief diplomat Wang Yi travels to Munich
- German students rejoice at end of Covid measures
- Wu Yibing makes tennis history
- Liu Zhengrong leaves Beiersdorfer
Cosco’s stake in the Port of Hamburg is still pending. The deadline for an agreement has long since expired. This raises two questions in particular: If deadlines do not matter in this context, why do we set them at all? But even more intriguing is the question of why Cosco is not swooping in?
After all, the Chinese state-owned shipping company stands to gain a 24.9 percent stake in a terminal. But now it hesitates. The reasons are anyone’s guess. Could it be that Cosco does not want to spend the money if it cannot influence the decision of the port administration? A tiny fraction of shares is missing for that.
One conclusion could be that the state-owned company is only interested in political influence rather than in the prospect of good business after all. This provides valuable clues about the intentions behind future investments from China in critical German, but also European infrastructure. And it provides food for thought for the future. Because politics still has no clear line, as Christiane Kuehl writes.
Michael Radunkski, on the other hand, is once again busy with balloons today. It is quite comical to see who is now spotting such spy objects in the skies above their territory and where. From zero to one hundred in less than a week. It is not only that Taiwan casually explains that such balloons are sighted almost every week.
China portrays itself as the biggest victim. Beijing is now accusing the USA of using its technical superiority against them. It complains about an uneven espionage playing field, so to speak. Hence the following proposal: China provides fair market access for foreign companies and in return, the Americans turn a blind lens to foreign snooping.
Cosco stake in Hamburg: Deal has still not been closed
The deal should originally have been closed by New Year’s Eve. But even after the contractual deadline expired on December 31, 2022, it is still uncertain whether China’s state-owned Cosco will invest in the Hamburg Container Terminal Tollerort (CTT) or not.
The Hong Kong-listed terminal division of the company, Cosco Shipping Ports Limited (CSPL), declared in a stock exchange announcement earlier this year that not all conditions for its entry into CTT had yet been met, as the German broadcaster NDR reported. Among other things, the conditions for the entry were still being discussed with the German Ministry of Economic Affairs. There is no guarantee that the deal will be finalized.
The terminal operator, Hamburger Hafen Logistik AG, or HHLA for short, sounded much more optimistic on January 6: A spokeswoman confirmed “objective, constructive talks” between HHLA, CSPL and the German Federal Ministry for Economic Affairs and Climate Action (BMWK), during which “it has been possible to agree on concrete conditions for CSPL’s participation in HHLA Container Terminal Tollerort GmbH”. Final details are reportedly being worked out at the moment. HHLA and CSPL were aiming to “finalize the transaction soon”. There is no information on possible sticking points. And since then, nothing but silence.
- Hamburg port
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