Controversy about controversial MSC deal: HHLA is faced with decisive coordination in Hamburg Citizenship

Controversy about controversial MSC deal: HHLA is faced with decisive coordination in Hamburg Citizenship

A look at the controversial MSC/HHLA deal in Hamburg

The decision about the upcoming deal between the world's largest shipping company MSC and the harbor logistian HHLA is in the hands of the Hamburg Citizenship. If the red-green coalition gives the green light in the last meeting before the summer break, a long-term contract of at least 40 years will come into force. But what is actually behind this controversial business?

The important role of the HHLA in the port of Hamburg

The HHLA, created from the Hamburg Frehafen-Weamhaus-Gesellschaft, is a central player in the port of Hamburg. With three container terminals, to which around 5.9 million TEU were handled last year, the company dominates port operations. In addition, the HHLA also plays an important role in the rail and road transport of containers. With subsidiaries such as Metrans, which covers almost half of the rail transport in the port, HHLA is also internationally active, e.g. in ports in Ukraine, Italy and Estonia.

The challenges of the HHLA

The HHLA faces difficult challenges. Globally occurring crises have burdened the company directly, which has led to declining sales and financial losses. The growing competition through mergers of large shipping companies such as Maersk and Hapag-Lloyd tightens the situation. The HHLA share price has decreased and urgently needed investments in the modernization of the terminals are at risk.

The controversial decision of the Hamburg Senate

The Hamburg Senate surprisingly decided to leave MSC a 49.9 percent share in the HHLA. This should lead to a strategic partnership with the Italian group and strengthen the maritime economy in Hamburg. Critics, including port workers, works councils and unions, protested this deal and warned of serious consequences.

The consequences of the decision and the criticism of the deal

The decision of the Senate has led to violent protests, including demonstrations and jobs. Critics not only complain about the business behavior of MSC, but also the possibly low sales price of the HHLA shares to the company. The uncertainties about the effects of this deal on the HHLA and the port of Hamburg remain.

insight into the shipping company MSC

The MSC is the largest container shipping company in the world, but details about sales and profits often remain hidden. The opaque of the company and the lack of right of co -determination at MSC have criticism and raise questions about the transparency of the deal.

- Nag