Negotiations are currently underway between Chinese container line Cosco and Hamburg Hafen und Logistik (HHLA), which will result in Chinese co-ownership of one of the container terminals in the Port of Hamburg, according to the two parties.
HHLA is negotiating with Cosco Shipping Ports Limited (CSPL) about strategic co-ownership of Container Terminal Tollerort, one of HHLA's three container terminals in Hamburg by way of minority shareholding for Cosco, which is based in Hong Kong.
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