COSCO Shipping to acquire a 35% stake in container terminal Tollerort from Hamburger Hafen und Logistik for $76.2m.

COSCO Shipping, an investor in ports, agreed to acquire a 35% stake in container terminal Tollerort from Hamburger Hafen und Logistik, a logistics and transportation company, for $76.2m. “The first Chinese vessel was processed at Tollerort back in 1982. Since then, the terminal has become a hub for liner services of what is now Cosco Shipping Lines. Against this background, HHLA and Cosco equally pursue the goal of successfully securing the future of CTT and an even more efficient dovetailing of Chinese logistics flows in Hamburg," Angela Titzrath, HHLA Chairman.