Cosco to Use New Spanish Port Terminal to Import Cars From China

Cosco Shipping Holdings Co. will use a terminal it acquired in eastern Spain mainly for car imports, underlying the country’s growing importance for Chinese automobile manufacturers.

The plans mean about 300,00 new vehicles per year will arrive through the Port of Tarragona, its president, Santi Castellà, said in an interview.

“That basically takes vehicles to 12% of our volumes from 5%,” Castellà said in an interview.

Tarragona, about 100 kilometers (62 miles) south of Barcelona, late last month became the third Spanish port where Cosco has a terminal, after it was awarded a 50-year concession together with its Argentine partner ...