Port stake deal puts trade with Germany on growth path
Equity in Hamburg terminal to boost supply chains, secure jobs, create value
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Equity in Hamburg terminal to boost supply chains, secure jobs, create value
Get latest articles and stories on World at LatestLY. Germany has reached a compromise on a deal to allow Chinese shipping group COSCO to take a smaller stake in the controversial Hamburg port deal than previously decided as Beijing's political tactics have been widely seen as a national security risk. The Chinese firm Cosco already has stakes in Europe's two largest ports at Rotterdam and Antwerp. World News | Germany Approves Reduced Investment of China in Hamburg Port.
The government ministeries of both China and Germany have reached a deal on a compromise to allow Chinese shipping group COSCO to take a smaller stake in the co
The Hamburg port operating company, HHLA, welcomed a compromise decision announced by the German federal government on Wednesday for Chinese company COSCO Shipping Port Ltd (CSPL) to buy a stake in one of its three terminals.