Germany’s growing dilemma over China

Dilemma: A shipping container of Cosco moves through the Suez Canal in Ismailia, Egypt. Economic relationships are being tested as China’s strict policies may disrupt the shipping operations at its European headquarters in Hamburg. — Reuters

HAMBURG: China Ocean Shipping Company (Cosco) occupies a prime waterfront location in Hamburg. The Chinese marine transportation giant’s European headquarters sit between a historic red-brick warehouse complex and the glass and steel of the redeveloped harbour area.

The company is about to expand its presence after striking a deal last month to acquire a stake in a container terminal.