China's success in the Port of Hamburg
The Chinese state-owned shipping company Cosco has acquired a stake in Hamburger Hafen und Logistik AG's (HHLA) Tollerort container terminal (CTT) in the Port of Hamburg via its terminal operator Cosco Shipping Ports (CSPL). The parties involved on both sides have so far remained silent about the amount of the investment, prompting one commentator to state that the negotiations with the Chinese are as transparent as the decision-making processes in the Politburo of the Chinese Communist Party. HHLA, which for a long time had only communicated a "minority stake", has since admitted that Cosco's shareholding is between 30 and 40 per cent. Port experts in the Hanseatic city assume that 40 per cent is more likely...
Weiterlesen
Recent Comments