COSCO to acquire 35% stake in German terminal

Tollerort port terminal is located in the Port of Hamburg, Germany.

China Ocean Shipping Company (COSCO) announced that it is acquiring 35% shares of Tollerort port terminal in Hamburg, Germany.

COSCO Managing Director Zhang Dayu and Hamburger Hafen und Logistik Aktiengesellschaft (HHLA) Chairwoman Angela Titzrath signed the agreement on behalf of the two companies.

Dayu said Tollerort in the Port of Hamburg is an important logistics hub in Europe and enjoys favourable natural conditions, such as good location, water depth, and connections to the hinterland, which has very promising prospects and great potential for development in the future.

Moreover, Titzrath adds COSCO and HHLA aim to develop Tollerort in joint efforts to enhance the interconnection in logistics business between China and Hamburg.

The Port of Hamburg enjoys a great geographical location and have abundant rear collection and distribution facilities as one of the most important trade hubs from Europe to China, which is also an important node of the China Railway Express.

Follow the link for more news on

COSCO

Hong Kong Shipping

Also Read

2024 Policy Address: Gov’t to establish Hong Kong Maritime and Port Development Board

Foreign trade outlook dims amidst economic and geopolitical concerns: report

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit