The Chinese group Cosco has acquired 35% of the shares of the logistics company Hamburger Hafen und Logistik AG in the Container Terminal Tollerot in Hamburg.
Thus, the Chinese presence in European ports is still increasing and that of Hamburg is a candidate to become a privileged hub for maritime trade between Europe and China along the New Silk Road.
In 2020 Hamburger Hafen und Logistik AG had already concluded an agreement to become the first shareholder of the Trieste Logistics Platform in Italy with a 50.01% stake.
Recently, Duisburger Hafen AG (Duisport), the company that manages the German port of Duisburg, also invested in the port of Trieste as a minority shareholder, acquiring 15% of the Interporto's shares.
The intermodal hub of Duisport is another point of reference in the flow of goods between Europe and China, especially for rail traffic.