COSCO acquires stakes of 12.5% in TLT and 30% in HLT
NewsCOSCO SHIPPING Ports has acquired 12.5% and 30% stakes in Thai Laemchabang Terminal and Hutchison Laemchabang Terminal for US$ 110m.
New players enter Spanish rail market
Euro Cargo Rail (ECR), now part of Railion Deutschland through EWS, has commenced container rail services between Zaragoza and Barcelona. Spanish rail freight services were deregulated in January 2005, but until now all open access operators (Continental Rail, Comsa Transport, Tracción Rail and Acciona Rail Services) have had majority Spanish equity.
ECR can offer services between Madrid, Barcelona and the French border (Port Bou) and between Madrid and Valencia. It is seeking permission to operate between Valencia and Barcelona.
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