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Home Featured

China increases European presence but remains a minor player

Editor by Editor
2 years ago
Reading Time: 1 min read
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Chinese companies held investments in 31 container seaport terminals in Europe and the Mediterranean as of end-August reflecting the increased activity by China’s state players in Europe’s port network since 2016.

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The debate over Chinese influence in Europe’s transport infrastructure was revived again this year following COSCO Shipping Port’s (COSCO SP) much discussed bid to buy 35% of Hamburg’s smallest container terminal, Tollerort Terminal (CTT), which was later resolved by the purchase of a 24.99% stake.

With the addition of Tollerort, COSCO SP now holds shares in eleven terminals in seven European countries.

The accelerated activity in Europe since 2016 is reflected in COSCO SP’s results: the group generated USD 176 M, or 32%, of total revenue from European activities in 2016, the year it bought a majority stake in the Piraeus Port Authority. By 2022, this figure had risen to USD 682 M, or 47%, of total revenue.

Source: Alphaliner


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Tags: China
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Editor

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