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Cosco looks to buy shares in container terminal in Port of Hamburg

With a role as minority shareholder, Chinese container line Cosco hopes to launch a strategic partnership with Hamburg Hafen und Logistik (HHLA) to secure stable freight volumes for Container Terminal Tollerort. To seal the deal, a sale of shares to Cosco will have to receive approval from authorities.

Photo: PR / HHLA / DIetmar Hasenpusch

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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