Shanghai Eyes German Port Investments


In a bid to boost co-operation and to own and operate ports overseas, Shanghai International Port Group has expressed an interest in German port investments, according to Seatrade Marine.

In a previous article published by PTI, it was reported that China was preparing for a massive port project in Gwadar, India – a move which is anticipated to give China direct access to the gulf countries.

Chen Xuyuan, chairman of SIPG, reportedly said that close cooperation between SIPG and Hamburg and Bremen would be a lucrative business venture for everybody involved in the plan.

Despite this interest to invest in German ports, there has been a recent dip in global port performance, however, European port performance is said to be recovering at a rapid pace.

Recent data released by Alphaliner showed the top 30 container ports as of 2014, with Shanghai topping the bill with a near two million TEU increase in its container volumes, and European ports showing positive growth.

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