Cosco Shipping Ports has announced that it finally purchased a minority stake of just 24.99% in HHLA’s new Container Terminal Tollerort (CTT) in Hamburg, Germany.

Initially, Cosco sought a 35% stake in CTT, but this was prevented by political opposition in Germany. The transaction was originally made in September 2021 in connection with the acquisition of a stake in the Tollerort container terminal by Grand Dragon, a subsidiary of Cosco Shipping Ports. The deal was delayed several times and was implemented in May 2023. Following the deal, CTT will become Cosco's preferred handling hub for cargo flows between Asia and Europe. The purchase strengthens the position of the Free and Hanseatic City of Hamburg as a logistics hub in the North Sea and the Baltic region, as well as Germany's position as an industrial power.

Hamburger Hafen und Logistik AG (HHLA) is a German logistics and transportation company. The firm operates three container terminals at the Port of Hamburg: Altenwerder, Burchardkai and Tollerort, as well as cargo handling and transport services by rail, road and sea. Specialties in Port logistics, rail transport to the hinterland, container handling, special handling, consulting, project logistics, container trucking, port terminal, logistics, rail transport, container handling, terminal operator, port logistics, consulting, RoRo, fruit port and fruit logistics.