Carriers

China's Cosco seals controversial acquisition in Port of Hamburg

One of Hamburg’s container terminals will now be made into Cosco’s preferred port for freight between Asia and Europe.
The state-controlled Chinese company Cosco Shipping Ports has completed its acquisition into container terminal in Hamburg. | Photo: Pr / Dietmar Hapenpusch / Port of Hamburg Marketing Association
The state-controlled Chinese company Cosco Shipping Ports has completed its acquisition into container terminal in Hamburg. | Photo: Pr / Dietmar Hapenpusch / Port of Hamburg Marketing Association
by KIT LINDHARDT

China’s Cosco Shipping Ports Limited has now signed a contract with the Port of Hamburg to take over 24.99 percent of one of the port’s key container terminals.

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