\n
HHLA and Chinese shipping firm Cosco finalized an agreement allowing the Chinese shipping firm to take a 24.99% stake in one of HHLA’s three terminals in the Hamburg port, the German logistics firm said on Monday.<\/p>\n
HHLA said in a statement that the approval process by the German government had been completed. Chancellor Olaf Scholz in October had pushed through a decision to let Cosco buy a 24.9% stake in the terminal – less than an initially planned 35% stake.\u00a0<\/p>\n
The decision prompted protests within Germany’s government coalition and from abroad over concerns about increasing Chinese influence.<\/p>\n
Source: Reuters – Writing by Friederike Heine, Editing by Miranda Murray<\/p>\n<\/div>\n<\/div>\n
maritime professional<\/p>\n","protected":false},"excerpt":{"rendered":"
June 19, 2023 Copyright AdobeStock\/nmann77 HHLA and Chinese shipping firm Cosco finalized an agreement allowing the Chinese shipping firm to take a 24.99% stake in one of HHLA’s three terminals in the Hamburg port, the German logistics firm said on Monday. HHLA said in a statement that the approval process by the German government had …<\/p>\n","protected":false},"author":1,"featured_media":34110,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[],"class_list":["post-34109","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritime-news"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/34109","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=34109"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/34109\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/34110"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=34109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=34109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=34109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}