According to media information, there is a dispute between the Federal Chancellery and several ministries over the approval of an already agreed Chinese entry into a container terminal in the port of Hamburg. “According to information from NDR and WDR, all six ministries involved in the investment review have rejected the deal,” the broadcasters reported on Thursday. “According to the research, however, the Chancellery is pushing for the entry to take place.”
The background to this is an agreement concluded in September 2021 between the Hamburg port logistics company HHLA and the Chinese terminal operator Cosco on a 35 percent stake for the Chinese in the Hamburg HHLA terminal in Tollerort (CTT). A spokeswoman for the Federal Ministry of Economics did not want to comment on the report. An HHLA spokesman also told the dpa about the report: “No comment”.
According to the information from NDR and WDR, the leading Ministry of Economic Affairs has already registered the issue for final rejection in the Federal Cabinet because it is a matter of critical infrastructure. It is therefore worrying that the planned participation could create a “potential for blackmail”.
China is by far the most important trading partner in Europe’s third largest seaport. The Cosco Group, which also operates one of the world’s largest container shipping companies, has had its ships moored at the CTT for decades. CTT with four berths and 14 container gantries is one of three container terminals operated by HHLA in the Port of Hamburg. In return, Cosco wants to concentrate its cargo flows in the Hanseatic city, CTT is to become a preferred transhipment point in Europe.
According to the report, time is of the essence: “If the federal cabinet does not make a decision and no extension of the deadline is agreed, the deal would automatically come about according to the law,” write NDR and WDR. “According to the current status, that would be the case at the end of October – shortly before a planned visit to China by Chancellor Olaf Scholz (SPD)”.(dpa)