Can another state or a foreign state-owned company participate in airports, ports or other important facilities? While there are still heated discussions in Hamburg and Berlin, the Free State is now drawing a red line as a precaution.Of John OselThe state government wants to protect infrastructure with the participation of the Free State from access by foreign investors. The reason for this is the planned entry of the Chinese group Cosco at a terminal in the port of Hamburg, which...
The planned partial sale of the Port of Hamburg to the Chinese state-owned company Cosco has been met with criticism, even after a compromise plan became known. "The federal government repeats the mistake of many previous federal governments and puts short-term economic interests above long-term prosperity and stability," said the Head of the German Institute for Economic Research (DIW), Marcel Fratzscherthe Reuters news agency.According to information from Süddeutsche Zeitung the federal government will decide on a so-called partial refusal. This...
Germany's trading partners see it critically that the port of Hamburg wants to sell shares in a terminal to China. Chancellor Scholz is still hesitant to stop the project. The federal government has admitted that the planned investment by the Chinese state-owned company Cosco in a subsidiary of the Hamburg port operator HHLA is met with a lack of understanding among German allies such as the USA, France and the Netherlands. The criticism leveled at the plans by Cosco and...
Germany's trading partners see it critically that the port of Hamburg wants to sell shares in a terminal to China. Chancellor Scholz is still hesitant to stop the project. The federal government has admitted that the planned investment by the Chinese state-owned company Cosco in a subsidiary of the Hamburg port operator HHLA is met with a lack of understanding among German allies such as the USA, France and the Netherlands. The criticism leveled at the plans by Cosco and...
The Chinese state-owned company Cosco wants to buy into the port of Hamburg. After all, it is critical infrastructure, but Chancellor Scholz wants to push through the deal. Didn't German politics learn anything from the Russian gas disaster?comment by Nicholas RichterIt always starts harmlessly. When the Nord Stream 1 pipeline came into being, its managers ensnared all the skeptics with an assertion, which they might even have believed themselves: it was all quite normal. A few companies only did good...
A good year ago, Hamburger Hafen- und Logistik AG (HHLA) sent out a message that initially did not cause too much excitement: an agreement had been reached with the Chinese state-owned company Cosco on a stake in the Tollerort terminal in the port of Hamburg, it said. At the time, it seemed only a side note that other entities also had a say in the deal. In the meantime, however, this side note has become something big: a political issue...
Status: 09/21/2022 06:17 a.m The oligarch yacht "Dilbar" left the port of Hamburg on Wednesday night. The ship was stuck in the dock at Blohm + Voss for a long time and has been considered frozen since the beginning of the Russian war of aggression in Ukraine - so it is actually not allowed to leave. But now it's gone, because the Blohm + Voss shipyard needs the Elbe 17 dock for other orders. That is why the parent company...
As of: 09/18/2022 6:37 p.m The departure parade with almost 100 ships marked the conclusion of the 833rd Hamburg Port Birthday. Live music can still be seen on the NDR stage until tonight. Celebrations can continue on the promenade until Sunday evening. Today's highlight of the last day of the port birthday was the big departure parade, with which numerous ships said goodbye to the port birthday. Customs and Navy had previously demonstrated spectacular turning maneuvers on the Elbe. Despite...
Status: 09/17/2022 10:44 p.m Crowds of spectators marveled at the first highlights at the 833rd Hamburg Port Birthday. After the entry parade on Friday, the tractor ballet attracted a number of visitors on Saturday. The second day ended with a light show and fireworks. At 9:45 p.m., the ship's sirens could be heard in large parts of the city: the "Hamburg's Sea of Lights" show ended with this long-lasting sound. The focus was on fireworks on board an Aida cruise...
After two years of pandemic, traders are returning to the fish market. But can the special flair be revived? A port visit in the morning, between Aale-Dieter and Banana-Fred. source site
