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COSCO Shipping Lines Spain Maintains Commitment To Develop Intermodal Logistics Services

COSCO Shipping Lines Spain maintains commitment to develop intermodal logistics services

COSCO Shipping Lines Spain Maintains Commitment To Develop Intermodal Logistics ServicesSource: Autoritat Portuària de Barcelona

Barcelona – December 2, 2019

Last Friday, November 29, COSCO Shipping Lines Spain organized the traditional meeting to celebrate Christmas, gathering at a dinner in Barcelona, ​​headquarters in Spain, the entire team of the company.

During the evening, attended by a hundred professionals from the company’s offices in Barcelona, ​​Valencia, Algeciras, Madrid and Zaragoza, Captain Huang Cunxun, Managing Director of COSCO Shipping Lines Spain, and Albert Oñate, General Manager, directed A few words to the attendees to toast for the Christmas holidays. They also congratulated the entire team of the company for the work done. The event was also attended by the new CFO, Zeng Qingzhao, who has recently joined COSCO Shipping Lines Spain.

Throughout the year 2019, COSCO Shipping Lines Spain has continued to consolidate its activity thanks to the launch of new services, such as the short sea shipping Black Sea Marmara Morocco Service (BSM), which links Black Sea ports with Morocco and other enclaves of the western Mediterranean, among which are the Spaniards of Valencia and Algeciras.

In addition, as a member of the OCEAN Alliance, COSCO Shipping Lines participates in the AEM1 and AEM 2 services that link Asia with the Mediterranean, and whose container ships scale in the ports of Valencia and Barcelona.

On the other hand, COSCO Shipping Lines Spain continues its commitment to sustainability and intermodal logistics services and, taking advantage of the maritime and railway terminals of COSCO Shipping Ports Spain (CSPS) in Valencia, Bilbao, Zaragoza and Madrid, continues to enhance container rail transport With the hinterland For this, it relies on the group’s rail operator, CSP Iberian Rail Services (CSPR), which connects the four terminals and offers a comprehensive service to the end point of the logistics chain.

It is also important to note that COSCO Shipping Lines Spain has been incorporated as a consignee company to the Quality Mark of the Port of Barcelona. With the incorporation of the company, the Quality Mark has 95 organizations certified as “Efficiency Network”, 85 of which are in the field of container transport.

PortSEurope Note: In June 2017, COSCO Shipping Ports Limited announced that CSPL SPV, a wholly-owned subsidiary of the company, had entered into the Sale and Purchase Agreement with TPIH Iberia S.L.U. in connection with the purchase of 51% of the shares of Noatum Port Holdings, S.L.U. (NPH) Total considerations amounted to €203.49 million ($228.04 million). Major assets of NPH include NCTV, NCTB (being two container terminals), Conterail Madrid and NRTZ Zaragoza (being two facilitative rail terminals).

In April 2019, following its acquisition by COSCO Shipping Ports Limited in June 2017, Noatum Ports SLU was rebranded Cosco Shipping Ports (Spain) Terminals S.L.U. (CSP Spain).

Source: COSCO Shipping Lines Spain

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