Berlin Reviewing Decision to Allow Chinese Investment in Hamburg Port Terminal

April 12, 2023

© Wolfgang Jargstorff / Adobe Stock
© Wolfgang Jargstorff / Adobe Stock

Berlin is reviewing its decision to allow China's Cosco to take a stake in one of logistics firm HHLA's three terminals at the Hamburg port, a spokesperson for the German economy ministry said on Wednesday.

Responding to a question about the reported classification of Tollerort as critical infrastructure, the spokesperson said it was being determined whether and under what conditions Cosco would be allowed to take a stake in the terminal named Tollerort.

The German cabinet gave Cosco the go-ahead to take a 24.9% stake in the port in October last year.

German Chancellor Olaf Scholz gave the green light at the time despite strong pushback within his three-way coalition amid fears of growing Chinese influence on the German economy.

Earlier on Wednesday, the Sueddeutsche Zeitung newspaper reported that the Federal Office for Information Security (BSI) had since classified Tollerort as critical infrastructure, meaning it should be subject to special protection.

HHLA told the newspaper that the classification had been agreed at the start of the year.

A spokesperson for Scholz said his stance on the issue had not changed.


(Reuters - Reporting by Friederike Heine, Editing by Matthias Williams and Rachel More)

Logistics News

Columbia Group Appoints Prevention at Sea as Compliance Partner

Columbia Group Appoints Prevention at Sea as Compliance Partner

Contecon Manzanillo Surpasses 12 Million TEUs

Contecon Manzanillo Surpasses 12 Million TEUs

Hydrex Conducts Underwater Repair of Bent Container Ship Propeller

Hydrex Conducts Underwater Repair of Bent Container Ship Propeller

HHLA Container Terminal Orders Eight Hybrid Konecranes Straddle Carriers

HHLA Container Terminal Orders Eight Hybrid Konecranes Straddle Carriers

Subscribe for Maritime Logistics Professional E‑News

EU Industry chief: EU must push for "Made in Europe" strategy
The cable car for the Winter Olympics in Cortina will not be ready by the start date, a letter shows
India's rising demand for LNG and oil draws traders from around the world