Prosperity at Spanish ports rises

In 2017, logistics giant COSCO took over 51% of Noatum Port Holdings

Chinese logistics giant COSCO Shipping, which acquired 51 percent of Spain's Noatum Port Holdings in a reported $228 million deal in November, is helping Spanish shipping grow with advanced know-how thanks to the vision of the Belt and Road Initiative.

Noatum operates maritime port terminals to handle containers in Valencia, on the eastern, Mediterranean coast, and in Bilbao, on the Atlantic Ocean in northern Spain. There also are railway terminals in Zaragoza, between Valencia and Bilbao, and in the capital, Madrid. The headquarters of Noatum, founded in 2001, is in Valencia.