COSCO at Tollerort: Hamburg says yes, German government says no

Photo: Container Terminal Tollerort. Ajepbah

Robert Habeck, the German minister of economy, asked to halt COSCO’s rise in the port of Hamburg. The Chinese company is, in fact, about to finalise the acquisition of shares of the Container Terminal Tollerort (CTT). Habeck fears that this transition would help China gain control over routes as well as crucial destination points, which is what the government wants to avoid. “The final say lies with the Cabinet of the Federal Government,” said a spokesperson from the port of Hamburg.

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Author: Marco Raimondi

Marco Raimondi is an editor of RailFreight.com, the online magazine for rail freight professionals.

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COSCO at Tollerort: Hamburg says yes, German government says no | RailFreight.com

COSCO at Tollerort: Hamburg says yes, German government says no

Photo: Container Terminal Tollerort. Ajepbah

Robert Habeck, the German minister of economy, asked to halt COSCO’s rise in the port of Hamburg. The Chinese company is, in fact, about to finalise the acquisition of shares of the Container Terminal Tollerort (CTT). Habeck fears that this transition would help China gain control over routes as well as crucial destination points, which is what the government wants to avoid. “The final say lies with the Cabinet of the Federal Government,” said a spokesperson from the port of Hamburg.

Do you want to read the full article?

Are you already a member?

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Do you have a free account? With a free account, you had access to read all premium content on RailFreight.com for free until 1 May 2023. From 1 May onwards you need a paid membership to read all premium articles. Questions? Call +31(0)10 280 1000 or see the FAQ.

 

Author: Marco Raimondi

Marco Raimondi is an editor of RailFreight.com, the online magazine for rail freight professionals.

Add your comment

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