About COSCO SHIPPING Ports
COSCO SHIPPING Ports through its subsidiaries operates container terminals and provides port services that include Container handling, storage, transportation, management, and stevedoring services. It is headquartered in Hong Kong.
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Latest COSCO SHIPPING Ports News
Sep 23, 2021
(Yicai Global) Sept. 23 -- COSCO Shipping Ports will purchase 35 percent equity in Container Terminal Tollerort in the Port of Hamburg, in Germany, for CNY750 million (USD116 million). CSP’s subsidiary Guolong signed an agreement with the Port of Hamburg’s shareholder Hamburger Hafenund Logistik AG, the Hong Kong-based ports operator said in an announcement yesterday. HHLA will hold the remaining 65 percent stake in CTT after the deal is closed. The firm’s stock price [HKG:1199] opened up 1.1 percent at HKD6.62 (85 US cents) today, and gained as much as 3.6 percent in the morning trading session. “CTT is an important logistics hub in Europe and has very promising prospect and great potential of development in the future,” Zhang Dayu, managing director of CSP said in the announcement. “We are looking forward to strengthening the cooperative relationship with HHLA through this investment to leverage the complementary advantages of both parties and provide better high-quality service to our customers.” The Port of Hamburg is Germany’s third-largest one and Europe’s second-biggest container port. It is next to the country’s key industrial and population centers, and its freight network reaches Central and Eastern Europe. It is also an important hub of the China-Europe Railway Express. CTT has four berths and 14 container cranes, and provides services to CSP’s two Far East shipping routes, one Mediterranean route, and one Baltic Sea feeder route. Editor: Futura Costaglione
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COSCO SHIPPING Ports Frequently Asked Questions (FAQ)
When was COSCO SHIPPING Ports founded?
COSCO SHIPPING Ports was founded in 2005.
Where is COSCO SHIPPING Ports's headquarters?
COSCO SHIPPING Ports's headquarters is located at 183 Queen's Road Central, Hong Kong.
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