Global EditionASIA 中文雙語Fran?ais
    Business
    Home / Business / Macro

    Port deal set to expand China-Germany trade

    By ZHONG NAN | China Daily | Updated: 2021-09-23 09:18
    Share
    Share - WeChat
    View of Container Terminal Tollerort of Hamburger Hafen und Logistik AG Ports in Hamburg, Germany. [Photo/Agencies]

    Hong Kong-listed COSCO Shipping Ports Ltd's new strategic alliance with Hamburger Hafen und Logistik AG (HHLA), a German container terminal operator whose revenue puts it among the top players in the segment, will further augment the throughput at the Port of Hamburg and expand trade between China and Germany, experts said on Wednesday.

    Terminal operator COSCO Shipping Ports is a business unit of China COSCO Shipping Corp, the country's largest shipping company by market share. It announced it will acquire a 35 percent stake in Hamburger Hafen's HHLA Container Terminal Tollerort, or CTT, at the German port. The two sides have signed the agreement already, the company said in a statement, without disclosing financial details of the deal.

    "We are looking forward to strengthening the cooperative relationship with Hamburger Hafen through this investment to leverage the complementary advantages of both parties and provide better high-quality service to our customers," said Zhang Dayu, managing director of COSCO Shipping Ports.

    CTT is one of three container terminals of Hamburger Hafen at the Port of Hamburg. It has four berths and 14 container gantry cranes. China COSCO Shipping Corp's largest container vessels with a capacity of 20,000 TEUs, or twenty-foot equivalent units, have been handled there.

    The terminal's own railway station, which has five tracks, is connected to the hinterland, indicating goods can be moved quickly between CTT and other European destinations, according to the statement.

    As one of the most important trade hubs connecting Europe with China, the Port of Hamburg boasts great geographical advantage and impressive distribution facilities. It is also a key node of the China-Europe Railway Express freight train service, said Zhou Zhicheng, a researcher at the Beijing-based China Federation of Logistics and Purchasing.

    The Port of Hamburg's well-connected railroad networks and more than 7,000 supporting businesses like shipping services, logistics firms, warehouses and freight forwarders will help secure and enhance CTT long-term planning, cargo-handling capacity, job creation and more integrated logistics services. They will also support the growth of China-Germany trade in the coming years, Zhou said.

    Thanks to their complementary goods trade structure, trade volume between China and Germany reached 858.25 billion yuan ($132.69 billion) in the first eight months of this year, up 21 percent year-on-year, data from the General Administration of Customs showed.

    As nearly every third container that is handled in Hamburg has its origin in China or is destined for the Chinese market, the COSCO Shipping-Hamburger Hafen partnership will benefit Hamburg's position as a regional logistical hub and reinforce its competitiveness in the Baltic region, said Dong Liwan, a professor of shipping management at Shanghai Maritime University.

    "Since many countries are confronting tough challenges caused by expensive shipping costs and container shortage, the partnership reflects COSCO Shipping Ports' effort to build a global terminal network by expanding its current operations, which include five terminals in China," he said.

    As at the end of June, COSCO Shipping Ports operated and managed 357 berths at 36 ports worldwide, of which 210 were for containers, with a combined annual handling capacity of 118 million TEUs.

    The closing of the transaction is subject to various competition and foreign trade approvals. HHLA's supervisory board has already approved the minority interest.

    Leveraging on efficient operations and management capabilities, three container terminals at the Port of Hamburg attracted three major shipping alliances, including Ocean Alliance, formed by China COSCO Shipping, France's CMA CGM SA and other players, and the 2M Alliance, with Denmark's Maersk Line and Switzerland-based Mediterranean Shipping Co SA as partners.

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    CLOSE
     
    线中文在线资源 官网| 精品成在人线AV无码免费看| 亚洲av无码成人精品区在线播放| 少妇性饥渴无码A区免费 | 亚洲AV无码不卡无码| 国产中文在线亚洲精品官网| 亚洲AV无码AV男人的天堂不卡 | 无码囯产精品一区二区免费| 中文字幕一区二区三区久久网站| 好硬~好爽~别进去~动态图, 69式真人无码视频免 | 亚洲国产精品无码av| 国产成人一区二区三中文 | 内射人妻少妇无码一本一道| 中文亚洲AV片不卡在线观看| 国产高清无码二区| 无码一区二区三区免费| 亚洲欧美日韩、中文字幕不卡| 国内精品人妻无码久久久影院| 亚洲精品无码久久千人斩| 欧美日韩国产中文精品字幕自在自线| 亚洲AV无码成人精品区狼人影院| 国产成人无码18禁午夜福利p| 色噜噜综合亚洲av中文无码| 亚洲av激情无码专区在线播放| 日本在线中文字幕第一视频| 婷婷综合久久中文字幕| 日本中文字幕在线2020| 中文字幕视频在线| 国内精品久久久久久中文字幕| 狠狠躁夜夜躁无码中文字幕| 久久人妻AV中文字幕| 无码中文字幕日韩专区视频| 精品久久人妻av中文字幕| 色婷婷综合久久久久中文| 国产日韩精品中文字无码| av区无码字幕中文色| 久久久99精品成人片中文字幕| 精品久久久久久久久久中文字幕 | 精品无码综合一区| av一区二区人妻无码| 亚洲国产精品成人AV无码久久综合影院 |