Receive FREE Newsletter
Advanced Search
+

News / Cosco to take controlling stake in Noatum – is a shipping line next?

valencia_Noatum
Noatum's flagship Valencia facility
By

Cosco Shipping Ports (CSP) today announced it is to buy a 51% stake in Noatum Port Holdings (NPH) – and there are rumours of further major acquisitions, possibly a shipping line.

The NPH deal, worth €203m, will give CSP access to the container terminals at the ports of Valencia ...

To read this article you need to subscribe.

Help us to continue to invest in award-winning independent journalism. For an introductory offer of just £70 a year, or £10 per month, get access to all our daily news stories and opinion. If you are already a registered user, please login below with your current account's email and password to subscribe. If you are not registered and want to subscribe, please register below to subscribe.
Current subscriber
New subscriber

Comment on this article

You must be logged in to post a comment.

  • Joe Rabbit

    June 13, 2017 at 4:01 pm

    Let’s wait MSC’s next movement. I believe that this move is much more important for Valencia than that COSCO acquisition.

Related Stories

Topics

Cosco Cosco Ports Mediterranean NCTB NCTV Noatum Port Holdings Ocean Alliance Port of Bilbao Port of Valencia Spain