The Hamburg Port Museum is located in the middle of the former free port on the last and listed quay ensemble of the imperial era, the structure of which was laid out more than 100 years ago and at that time ensured optimal transshipment between seagoing vessels and land transport. The four-masted barque PEKING is moored at the quay edge in front of the Hamburg Port Museum.

Based on a decision of the German Bundestag, the Minister of State for Culture and the Media will fully fund the construction of the new German Port Museum in Hamburg as well as the restoration of the four-masted barque PEKING with a total of 185.5 million euro.

The preparations for the arrival of the PEKING in Hamburg and the start of operation as a museum ship are funded by the Ministry for Culture and Media of the Free and Hanseatic City of Hamburg.