Jun 23, 2023 01:52 AM

BUSINESS

Cosco Completes Acquisition of Stake in Hamburg Terminal

By Wang Lingbo, Li Rongqian and Denise Jia

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What’s new: China Cosco Shipping Corp. Ltd. completed its purchase of a minority stake in a container terminal at Hamburg port, the state-owned shipping giant said Wednesday.

Cosco’s unit Cosco Shipping Ports Ltd. bought 24.99% of the Tollerort terminal (CTT), one of the three large container terminals at Hamburg port operated by port logistics company Hamburger Hafen und Logistik (HHLA).

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