![]() About 30% of the goods handled in the Port of Hamburg already come from China or go to China, it said, adding that the transaction would be finalized soon.ĬOSCO also holds stakes in several other European ports, including Greece’s main port of Piraeus. HHLA said the approval would allow it to become a preferred handling location for COSCO. Two junior partners in Chancellor Olaf Scholz's governing coalition - the Greens party and the Free Democrats - demanded the cap last year, warning that a larger stake could give China undue control over Germany’s critical infrastructure. Track Cosco shipping containers from your warehouse to your clients. The government said it would stick to a compromise agreed to last year barring COSCO Shipping from acquiring more than than 24.99% of the Tollerort terminal of Hamburg port logistics company HHLA. Cosco Container tracking with shipment analytics. The Economy Ministry, led by the Greens' Robert Habeck, released a statement after the deal was confirmed on Wednesday, saying, "There were different assessments when assessing the acquisition of a holding.BERLIN - Germany gave final approval Wednesday for a Chinese company to take a significant minority stake in the operator of a container terminal at the Hamburg port, following concerns that a larger buy-in might pose a national security risk. However, there remains tension on the issue within the government. or discharging at Los Angeles/Long Beach pls contact COSCO Agencies (Los Angeles) Inc. Welcome To COSCO SHIPPING (North America) Inc. Scholz's party was especially keen on pushing the deal through. GoComet’s COSCO container tracking allows you to instantly track & trace the movement of all your international shipments with COSCO in real-time by simply entering the Master Bill of Lading number. ![]() COSCO already holds stakes in many other European ports. Enter your container tracking number provided by shipping lines Track. The COSCO deal inflamed that debate, with several government ministries connected to the Greens and the Free Democrats demanding last October that the company's stake be capped so it could not have outright control.Ĭritics have argued that allowing the deal to proceed creates a major security issue as it gives the Chinese government undue influence in the port terminal. In recent years, Germany has sought to limit Chinese investment in the country. Track your container shipments in real-time with Trade360s COSCO container tracking system with live vessel positioning for your import-export freight. That's despite a heightened political debate in Germany over the extent to which Berlin is dependent on its economic relationship with Beijing. China has been Germany's biggest trade partner for seven straight years Image: Kay Nietfeld/dpa/picture alliance China has been Germany's biggest trade partner for the past seven years, with the value of trade between the countries rising to a record €298 billion ($320 billion) in 2022. To track container with COSCO enter number in tracking field above and press 'Track container'. It also said the agreement would strengthen Hamburg's national and international importance as a logistics location.Ĭlose to one-third of the goods handled at the port already come from or go to China. COSCO is a shipping line that own containers with COSU prefix. The company says the deal will make Hamburg port a preferred destination for COSCO and help secure jobs. The Tollerort terminal is owned by the Hamburg port logistics company HHLA. Shop for the most reliable premium car tyres at low wholesale prices only at Costco UK and enjoy low prices on Michelin, Goodyear and Bridgestone car tyres. COSCO tracking lets you know the container movements and the location. That compromise had been reached following intense opposition to the deal from the Greens and the Free Democrats (FDP), coalition partners of Scholz's Social Democrats (SPD). You can track your Container, Shipping line, Cargo, Vessel, Freight, Logistics, Vehicle Transport, Marine, Import General Manifest (IGM) and Export General. COSCO container tracking allows you to track & trace containers with just one click. However, on Wednesday, chief government spokesperson Steffen Hebestreit said the government was sticking to the October decision, which caps COSCO's stake in the Tollerort terminal at 24.99%. The review came when it emerged that the Tollerort container terminal had been classified as critical German infrastructure earlier in 2023 by Germany's national cyber security agency, the BSI. ![]() Last month it was announced that Chancellor Olaf Scholz's three-party coalition government was revisiting a decision made in October 2022 to give the go-ahead to the deal. The German government has given final approval to a controversial deal that will see the Chinese shipping company COSCO take a minority stake in a container terminal at Hamburg port.
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