China’s BRI Geopolitical Maritime Investments in the European Union’s Shipping Industry, European Union’s Reaction and Implications for South-South Relations
China is purchasing stakes in strategic ports across the European Union with varying dynamics observable in each deal including its latest purchase at Germany’s Hamburg harbor. China Ocean Shipping Company (COSCO) which is one of the world’s largest shipping companies has also purchased shares in sea ports in: Belgium, Spain, Italy, Netherlands and Greece. These maritime investments are in line with Chinese President Xi Jinping’s 2013 proposition to invest in a 21st century Maritime Silk Road which is a part of the Belt and Road Initiative (BRI).