Germany may allow China's Cosco to take a smaller stake than originally planned in a Hamburg port terminal, in what an economy ministry source on Tuesday described as an "emergency solution" to approve the deal but mitigate the impact.Shipping giant Cosco made a bid last year to take a 35% stake in one of logistics firm HHLA's three terminals in Germany's largest port
Water levels on Germany's Rhine river are so low that some vessels cannot sail even when empty, a shipping cooperative said on Friday, although long-awaited rain has begun to ease bottlenecks on one of the country's main commercial routes.Weeks of drought across Europe and beyond have added to supply chain problems as vessels have had to lighten their loads to ensure they can travel along
Around 20 ships are stuck in traffic along Germany's river Rhine, where low water levels have already impeded shipping this summer, after a vessel's engine failure closed part of the waterway, authorities said on Wednesday.A vessel with a 1,660-ton load was forced to drop anchor due to an engine failure, closing traffic between St Goar and Oberwesel, river police said.
A software problem that blocked all ship traffic in the main channel between the Baltic and the North Sea on Sunday was not a hacker attack and has been fixed, a spokesperson for Germany's Kiel Canal Waterways and Shipping Authority said on Monday.The incident was caused by the installation of a new vessel traffic management software system, the spokesperson said.
A ship carrying around 4,000 vehicles, including Porsches, Audis and Bentleys, that caught fire near the coast of the Azores will be towed to another European country or the Bahamas, the captain of the nearest port told Reuters on Friday.Lithium-ion batteries in the electric cars on board the vehicle carrier Felicity Ace have caught fire and the blaze requires specialist equipment to extinguish
One of the world's biggest container ships, the Mumbai Maersk, has run aground off the German island of Wangerooge in the North Sea, Germany's Central Command for Maritime Emergencies and Maersk said on Thursday.No injuries were reported among the 30 people on board, no fuel leak sighted and the entrance to the port is not obstructed, they said in a statement.
German Chancellor Olaf Scholz on Thursday stressed the need for Europe to diversify its relations to ensure it is not dependent on any one nation, a day after he pushed through a decision to let a Chinese firm invest in a terminal at the country's largest port.Businesses must ensure that they have multiple supply chains to obtain their goods and that their investments are not concentrated on
Thyssenkrupp's defense division hopes to start building for the German navy from 2024 at a shipyard in Wismar, northern Germany, once owned by insolvent MV Werften, its head said on Friday after it bought the site.Chancellor Olaf Scholz, in a policy shift after decades of attrition of Germany's armed forces, pledged in February after Russia invaded Ukraine to sharply increase defence spending
German oil and gas firm Wintershall Dea, one of the five co-funders of Nord Stream 2, on Wednesday said it is writing off its 1 billion euros ($1.11 billion) financing in the gas pipeline that was suspended last week.The management board of Wintershall Dea said on Wednesday it would no longer be advancing or implementing further projects in Russia and would be stopping payments to Russia
Germany would put its port of Hamburg at a competitive disadvantage if it quashed a bid from China's Cosco to buy a stake in a container operator, the port city's mayor said.A rejection would be "a one-sided, competition-distorting disadvantage for Hamburg compared to Rotterdam and Antwerp, where Cosco already owns terminal shares," Mayor Peter Tschentscher told Reuters.
German trade union ver.di called on several thousand employees at German ports to take part in a 24-hour warning strike from Thursday morning, potentially further increasing difficulties at already strained ports.Workers in Emden, Bremerhaven, Bremen, Brake, Wihelmshaven and Hamburg were called on to take part, after a fourth round of wage negotiations fell through.
German Chancellor Olaf Scholz said he was confident liquefied natural gas (LNG) could start flowing into the country via the Baltic Sea port of Lubmin within a matter of months, as Germany rushes to phase out Russian energy imports."Our goal is to get as much as possible there by the turn of the year, or a little bit later, so we can get gas quickly from wherever