Hamburger Hafen und Logistik AG (HHLA) and also COSCO Shipping Ports Limited (CSPL) efficiently wrapped up settlements concerning a tactical financial investment by CSPL in HHLA Container Terminal Tollerort (CTT) today. CSPL, an incurable driver noted on the Hong Kong stock market and also participant of the COSCO Shipping Group, tackles a 35 percent minority share in the Hamburg container terminal.

HHLA anticipates the involvement to reinforce the partnership with its Chinese companion, along with long-lasting preparation safety and security for Container Terminal Tollerort and also safeguarded capability and also work in the Port ofHamburg With the minority rate of interest of CSPL, CTT will certainly end up being a “preferred hub” in Europe, indicating it will certainly be the recommended transshipment factor for COSCO, where freight moves will certainly be focused.

Angela Titzrath, Chairwoman of HHLA’s Executive Board: “The maritime world is currently facing intense changes. Long-term, trusting customer relationships – like the ones HHLA has tended to for 40 years in trade with China – are that much more important now. The first Chinese vessel was processed at Tollerort back in 1982. Since then, the terminal has become a hub for liner services of what is now COSCO Shipping Lines. Against this background, HHLA and COSCO equally pursue the goal of successfully securing the future of CTT and an even more efficient dovetailing of Chinese logistics flows in Hamburg.”

Image Creidts: HHLA/ Thies Rätzke

Zhang Dayu, Managing Director of CSPL: “Container Terminal Tollerort in Hamburg is a keystone of logistics in Europe and has excellent future development prospects. We look forward to working together with our partner HHLA to unleash the existing potential and further develop the terminal.”

Among others, 2 Far East solutions, a Mediterranean solution and also a Baltic feeder solution of COSCO are dealt with at CTT today. Notwithstanding the concurred minority rate of interest of CSPL, CTT will certainly remain to be open to all delivery lines.

CTT is among 3 HHLA container terminals at the Port ofHamburg The terminal has 4 berths and also 14 container gantry cranes. COSCO’s biggest container ships with a capability of 20,000 TEU and also even more are dealt with below. With its 5 tracks, the terminal’s very own train terminal is wonderfully linked to the hinterland, indicating items can be relocated swiftly in between CTT and also European locations.

The Port of Hamburg is one of the most essential logistical center for maritime and also continental items profession in between China and alsoEurope Nearly every 3rd container that is dealt with in Hamburg has its beginning in China or is predestined for the Chinese market. Through this tactical collaboration with CSPL, it is not simply CTT and also HHLA that will certainly profit– Hamburg’s setting as a logistical center in the European North Range and also for the Baltic area will certainly additionally be enhanced.

The closing of the purchase goes through numerous competitors and also international profession authorizations. HHLA’s Supervisory Board has actually currently accepted the minority rate of interest.

Reference: hhla.de