Shipping

All news and posts of our editorial team on the topic

Habeck opposes Cosco stake in Hamburg
German Vice Chancellor Robert Habeck has spoken out against an entry by Chinese shipping giant Cosco into the container terminal in Tollerort. “I’m inclined to say that we won’t allow it,” the German Economy Minister told Reuters on Tuesday. The container port Tollerort is only a small part of the overall port, but China could […] continue reading →
Study: Maritime shipping using e-fuels has little impact on consumer prices
If ships were powered exclusively by environmentally friendly e-fuels, the price of a pair of sneakers from China would increase by less than ten cents. This is the result of a new study by the European environmental organization Transport&Environment (T&E) on the costs of decarbonizing shipping. The voyage of an average container ship from Shenzhen […] continue reading →
Cost for see shipping from China falls
The cost of sea freight from China has continued to fall this month. This was reported by Chinese business magazine Caixin on Tuesday. The China Containerized Freight Index (CCFI) recently dropped to 3109. Since the beginning of February, it has thus lost around 13 percent, according to data from the Shanghai Shipping Exchange. The main […] continue reading →
Angela Titzrath – Port chief with her sights on China
Angela Titzrath has been observing China’s economic and technological development for more than 25 years. Born in Essen in 1966, she graduated at 18 and studied economics and romance philology. From 1991 to 2012, she held various top international management positions at Daimler, worked as a member of the Supervisory Board for various companies and […] continue reading →
Delays at the port of Shenzhen
China’s strict no-covid policy could soon affect the port in Shenzhen. As Bloomberg reports, 31 ships are already waiting outside the world’s fourth-largest port. Recently, eight new covid infections have occurred in Shenzhen. One of the infected is a port worker. Authorities suspect the Covid cases were transmitted through imported goods. They responded with mass […] continue reading →
Cosco increases Piraeus stake
The Chinese shipping company Cosco has increased its shares in the Greek port of Piraeus. Cosco has increased its stake in the operating company Piraeus Port Authority (PPA) to 67 percent, state news agency Xinhua reported. Cosco previously held 51 percent, giving it a majority stake in the Mediterranean port since 2016. According to media […] continue reading →
Hamburg: Welcome for Cosco
Chinese shipping company Cosco Shipping is taking a 35 percent stake in a Hamburg container terminal. The Hanseatic city welcomes this investment as a strengthening of Hamburg's role as a transport hub. For the terminal operator HHLA, the investment means planning security and the possibility of a strategic partnership. continue reading →
IfW Kiel: port bottlenecks impair trade
The closure of the Chinese ports of Ningbo-Zhoushan and Yantian is having a negative impact on global trade. The Kiel Institute for the World Economy (IfW) estimates trade flows for 75 countries around the globe through its Kiel Trade Indicator and has currently calculated that prolonged congestion of freight ports is leading to stagnation of […] continue reading →
German exports to China dropped
The volume of German exports to the People’s Republic of China dropped in July for the first time in almost a year. Exports last month amounted to 8.4 billion euros, down 3.9 percent on July of the previous year. This marked the first drop in German exports to China in eleven months. At the same […] continue reading →
Negotiations between Cosco and the Port of Hamburg nearing final stages
The Hamburger Hafen und Logistik AG (HHLA) is negotiating with the Chinese state shipping company Cosco about a stake in the Hamburg container terminal Tollerort. “Negotiations are at an advanced stage,” says HHLA’s Chief Executive Officer Angela Titzrath. “I expect that we will soon reach an agreement,” she told the Club of Hamburg Business Journalists. […] continue reading →
Terminal closure in Ningbo leads to traffic jams in front of ports
Congestion at China’s two main container ports of Shanghai and Ningbo worsens in the wake of the Covid related closure of a terminal. Around forty container ships were waiting at the outer anchorage off Ningbo Zhoushan Port on Thursday. It was about ten more than at the start of the week, news agency Reuters reported. […] continue reading →
Chinese dumping steel under fire
The EU is getting serious about the Green Deal. The CO2 border adjustment and the expansion of emissions trading, both part of the "Fit for 55" package, are intended to help achieve Brussels' climate goals. Above all, the border adjustment for CO2 emissions will have consequences for the People's Republic of China. Critics from the European metal and aluminium industry are already certain: the People's Republic will find a way around the border adjustment. continue reading →
Congestion of container ships continues
The Kiel Institute for the World Economy (IfW) predicts a massive obstruction of the global flow of goods. It blames a “traffic jam” of container ship traffic in southern China as the culprit.” The number of waiting container ships in China’s Pearl River Delta is unusually high. Individual ports such as Yantian have shipped less […] continue reading →
Altmaier wants to strengthen German shipbuilding
With the help of the EU, the German government wants to better assert itself against Far Eastern competition in the shipbuilding sector. “There are countries that are trying in a very clear and sometimes aggressive way to monopolize or dominate parts of the civil shipbuilding industry, and that is why we will not simply let […] continue reading →