U.S. ‘strongly suggested’ there be no controlling interest by China in Hamburg port terminal By Reuters

News


2/2

© Reuters. FILE PHOTO: Cargo ship ‘Cosco Shipping Gemini’ of Chinese shipping company ‘Cosco’ is loaded at the container terminal ‘Tollerort’ in the port in Hamburg, Germany, October 25, 2022. REUTERS/Fabian Bimmer

2/2

(Refiles with story identifier)

MUNSTER, Germany (Reuters) – The United States “strongly suggested” that there would be no controlling interest by China in the Hamburg port terminal, a senior U.S. State Department official said, adding that the final deal was adjusted in the end with no controlling stake for Beijing.

Shipping giant Cosco made a bid last year to take a 35% stake in one of logistics firm HHLA’s three terminals in Germany’s largest port, but the German coalition has been divided over whether to let the deal go ahead.

Germany may allow China’s Cosco to take a smaller stake than originally planned in a Hamburg port terminal, in what an economy ministry source last week described as an “emergency solution” to approve the deal but mitigate the impact.

Leave a Comment

Leading the way

Let's build a better world together

Project planning
Design expertise
Great qualifications

Nullam vestibulum finibus sapien, id consequat mauris tempus auctor.

Locations

90 Newport St., Natick, MA 01760

83 Taylor Street, Kings Mountain, NC 28086

22 Birch Hill St., Villa Rica, GA 30180

Support requests

support@construction.com

Nullam scelerisque leo felis, quis congue mauris tristique in. Suspendisse pulvinar, felis eu facilisis mattis, turpis odio luctus nisi, et ultrices velit enim quis lacus.

Request a quote

[Insert your contact form here]

Construction

Vivamus vehicula dictum elit at bibendum. Etiam finibus eros ut urna auctor ullamcorper. Sed at erat eget nisl rutrum ultrices sed eu ex.

Newsletter

Sign up to receive the latest news and trends from our company.

More questions? Get in touch