Spain’s Noatum Port reports rapid container growth

Spain’s Noatum Port reports rapid container growth

Spain’s Noatum Port Holdings is expected to handle 3.7 million TEUs this year, up by over 12 pc from 2017, according to CEO Sun Kai.

Chinese logistics giant COSCO Shipping acquired 51pc of Noatum Port Holdings in a reported $228 million deal in November.

From January to July, containers handled by the company reached 2.08 million twenty-foot equivalent units (TEUs), with an annual increase of 13.2 percent, according to the Xinhua press agency.

Mr Kai said they are helping Spanish shipping grow with advanced know-how thanks to the vision of the Belt and Road Initiative.

“China has accumulated abundant management experience in running container terminals,” he said. “After the acquisition, we’ve gradually introduced an advanced operation process and management into Noatum, and improved efficiency.”

 

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