What the Port Compromise is all about – Economy

Port of Hamburg

:

Why the port deal with China is so controversial

Reading time: 4 mins

The controversial deal with the Chinese state-owned company Cosco is about a container terminal in the port of Hamburg.

(Photo: Daniel Reinhardt/picture alliance/dpa)

Chancellor Olaf Scholz pushes through a compromise at the port of Hamburg. Accordingly, Cosco can only take over 24.9 percent of the shares in a container terminal. Critics still think it’s dangerous.

Of

Saskia Aleythe, Hamburg, Claus Hulverscheidt and Roland Preuss, Berlin

Every few seconds, a new container is driven by a special vehicle at the Tollerort terminal to the huge freighter that has been at the Port of Hamburg for three days. The Cosco Gemini is 400 meters long and has space for around 21,000 steel boxes. It will be loaded on several cranes this Tuesday, the containers full of goods will be lifted up and lowered to the right place on the ship. Warning signals beeping, metal banging on metal. It’s detailed work, the logisticians call it “Tetris for adults”. What is happening here at Tollerort is no longer just of interest to the Hanseatic League. The entry of the Chinese state-owned company Cosco at the port of Hamburg triggered a dispute among the traffic light coalition partners in Berlin that dragged on for weeks. A compromise was found on Monday evening.

SZ Plus subscribers also read:

Der Hans (How a Village Takes Care of a Handicapped Man)

Clinics in the Corona crisis

“The safety of the patients is no longer guaranteed”

Nick Hornby on Great Britain

The Tories have destroyed themselves. Nobody sheds a tear for them

house and apartment prices

The great tremors in the real estate market

secret ingredient

source site