Controversial deal: MSC secures a share of HHLA despite protests

Controversial deal: MSC secures a share of HHLA despite protests

The latest decision by the Hamburg Citizenship, Hamburger Hafenlogistik AG (HHLA) with the world's largest shipping company, the Mediterranean Shipping Company (MSC), has caused waves. Despite the massive protests of the opposition forces, this controversial deal was waved through with a majority of 72 votes with 105 MPs present. This demonstrates the enforcement Position of the red-green coalition in the citizens that is committed to strengthening the port of Hamburg and its logistics.

already in the last meeting before the summer break should be decided on the application, but at that time this could be prevented by the votes against the opposition. The deal between the city of Hamburg, which in the future wants to hold 50.1 percent of HHLA, and the MSC, which is in 49.9 percent, is not yet dry. Approval by the EU Commission is still pending before the entry of MSC can be fully implemented.

Advantages of cooperation for Hamburg and MSC

The Hamburg Senate hopes for a stabilization of the container handling in the harbor through the partnership with MSC. MSC has announced that it will significantly increase its charge volume at the HHLA terminals from 2024, with the aim of reaching one million standardized containers per year by 2031. This would almost doubt the previous volume and would be an important boost for the port industry.

Another interesting aspect of this deal is the planned construction of a new MSC Germany center in Hamburg. This investment could create additional jobs and contribute to the economic revival of the region. MSC, together with the city, is also planning to increase the equity of the HHLA by 450 million euros, which is intended to strengthen the company's financial stability.

protests and concerns of the unions