Cosco aquires one third of Hamburg's Tollerort terminal
Port of Hamburg and Chinese Cosco group's port business have struck a deal that awards Cosco 35 percent of the shares in the container terminal Tollerort in Hamburg. The deal is set to make Hamburg a central hub for freight traffic to and from China.
by JENS THOMSEN
The Hamburg port company Hamburger Hafen und Logistik (HHLA) has reached an agreement with Chinese Cosco Shipping Ground and accepted the terms for a Chinese investment that will turn the Hamburg-based Container Terminal Tollerort (CTT) into Cosco's terminal of choice in the region.
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