German logistics firm HHLA and Cosco are close to finalizing an agreement for the Chinese shipping giant to take a stake in a terminal at Hamburg's port, HHLA said on Friday.'We can confirm that... it has been possible to agree on concrete conditions for CSPL's (Cosco Shipping Ports Ltd) participation in HHLA Container Terminal Tollerort GmbH,' HHLA said in a statement.It said HHLA and Cosco were still in talks to clarify final details and aimed to finalize the deal soon…
S5 Agency World (S5) signed a contract with Deutsche ReGas to act as terminal agent at its new Deutsche Ostsee LNG terminal at Lubmin Port, on Germany’s Baltic Sea coast. The new LNG terminal will process LNG imports into Germany and has a regasification apacity of up to 5…
The German government has become divided over a deal, agreed last month, which saw Chinese conglomerate Cosco invest in the Port of Hamburg. The deal had been in the works since September 2021 and was championed by the chancellor (and Hamburg’s former mayor)…
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 on Tuesday described as an 'emergency solution' to approve the deal but mitigate the impact.Shipping…
The European Commission warned the German government last spring not to approve an investment by China's Cosco into Hamburg's port, German daily Handelsblatt reported on Friday, citing sources.Shipping giant Cosco last year made a bid to take…
Germany has ordered police to guard LNG terminals under construction and increased aerial supervision of its rail network as it prepares a law to bolster the protection of critical infrastructure, its interior minister told Reuters.Suspected…
Germany's ruling coalition is divided over whether to let China's Cosco take a stake in a Hamburg port terminal, government sources say, even as Beijing urges Berlin not to politicize the bid and the port authority warns this could hurt the economy…
German Chancellor Olaf Scholz said he was confident liquefied natural gas (LNG) could start flowing into the country via the Baltic Sea port of Lubmin within a matter of months, as Germany rushes to phase out Russian energy imports.'Our goal…
Germany's Tree Energy Solutions (TES), backed by Belgian firm AtlasInvest, said on Wednesday it would accelerate plans for a gas import terminal to be built at the northern German port of Wilhelmshaven in partnership with E.ON.It said it was…
Global seaborne coal trade rose by 5.7% last year, driven by rising demand from steelmakers for coking coal and its products as economies began to recover from the coronavirus crisis, Germany's VDKi coal importers lobby group said.Imports and exports of hard coal across the globe stood at 1…
On November 1, 2021, Mikko Juelich took over the position as Trade Director for Business Region Germany at the Swedish ferry company Stena Line. He succeeds Ron Gerlach, who has moved to Stena Teknik where he will become the company’s Technical Director…
Maersk's towage arm Svitzer announced Mathias Jonasson has been appointed as managing director of its Scandinavia and Germany cluster, effective September 1.Jonasson, who will report to Svitzer Europe’s managing director Lise Demant, has a background…
Germany will next week present a multi-billion-dollar proposal to Lebanese authorities to rebuild the Port of Beirut as part of efforts to entice the country’s politicians to form a government capable of warding off financial collapse, two sources said…
The GAC Group said Monday it has opened a new office just north of Hamburg to provide support for some of the 14,000+ vessels that call at German ports every year.Headed by Thies Holm, GAC Germany will offer ship agency, husbandry, bunker fuels…
Low water levels after dry weather in the past month continue to prevent cargo vessels from sailing fully loaded on the river Rhine in Germany, traders said on Thursday.Low water is hampering shipping throughout the river, especially around Cologne…
