Container

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.
Photo: Michael Lindner/Port of Hamburg Marketing
Photo: Michael Lindner/Port of Hamburg Marketing
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.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
    • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Related articles

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading

    Jobs