COSCO moves to acquire Hamburg stevedore

China’s COSCO is strengthening its foothold in northern Europe, tabling a bid to take an 80% stake in German stevedore and logistics operator Zippel in Hamburg. Zippel, known for its multipurpose cargo handling and barge services in Hamburg’s port ecosystem, gives COSCO enhanced local handling capability and greater flexibility in combined sea-inland transport flows. COSCO …

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