The deep-sea port of Chancay is rapidly becoming Peru’s central hub for international trade—with multi-billion-dollar potential. But as cargo volumes rise, domestic pressure on operator Cosco is intensifying.
By Amelie Richter
The port of Guangzhou, South China's largest shipping hub, opened a direct route to the Peruvian mega port of Chancay on Tuesday.
By Katrin Klein
The Ver.di union accuses Cosco Shipping in Hamburg of wage violations because the Chinese shipping company wants its containers to be secured by its own seafarers. At least, that's the apparent issue. Because behind the dispute lies a political matter.
By Christian Domke Seidel
Cosco was barred from acquiring a stake in a German port terminal with voting rights. But now its equally large competitor MSC is even allowed to acquire half of the entire port operator HHLA. MSC, however, is not only suspected of being involved in mafia-like operations, but also has growing ties with China. This is revealed by a secret meeting in Shanghai. Even a formal alliance with Cosco is under discussion.
By Frank Sieren
The acquisition of a stake in the Hamburg container terminal Tollerort by the Chinese Cosco Group has not yet been sealed, even after the decision deadline has expired. Talks about details are still ongoing behind closed doors.
By Christiane Kuehl
The planned investment of COSCO in the “Tollerort” Terminal of Hamburg’s port has raised a multi-faceted discussion about Chinese investments in European infrastructure. One of the points of debate is the question of reciprocal opportunities for foreign investors to invest in Chinese terminal operation. Currently, at least 34 port terminals in China have one or more non-mainland investors.
By Experts Table.Briefings
Against all odds, Scholz pushed through the port deal with Cosco in Hamburg. This cost him significant political capital in the governing coalition and the federal states. He even angered the city's sinologists, who are usually rather reserved on political issues. Meanwhile, business representatives warn against "China-bashing".
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