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

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.