HAMBURG (dpa-AFX) - Hamburg's red-green Senate has officially approved the agreed entry of the world's largest shipping company MSC into the Hamburg port logistics company HHLA. A corresponding printed matter was passed on Tuesday, which will now be forwarded to the city parliament, said deputy senate spokeswoman Julia Offen. In two weeks, Mayor Peter Tschentscher (SPD) will also make a government statement in parliament.

Offen said that the Bürgerschaft now has the opportunity to take a close look at the matter. "Irrespective of this, the Senate will, of course, also reclassify and explain the whole thing and the First Mayor will make a government statement on this in two weeks' time."

The City of Hamburg and the world's largest shipping company, Mediterranean Shipping Company (MSC), want to run HHLA as a joint venture in future, with the city holding a majority stake of 50.1 percent. To date, the city has owned around 70 percent of HHLA, which is listed on the stock exchange. MSC and the city want to increase HHLA's equity by 450 million euros. The shipping company also wants to increase its cargo volume from 2025 onwards and increase it to an additional one million standard containers per year by 2031.

MSC is already involved in around 70 terminals worldwide via a subsidiary, for example in Bremerhaven in a joint venture with Eurogate. MSC is privately owned by the Aponte family and also operates a significant cruise business with MSC Cruises.

There is considerable opposition to the planned deal, particularly from port workers, works councils, the trade union Verdi and the opposition in the Hamburg parliament. HHLA employees even went on a wildcat strike in protest. Despite promises to the contrary, they fear for their jobs and co-determination./klm/DP/mis