Tag: investment

Yilport enters the terminal market in North America

Yilport Gulfport

Yilport Holding A.S., a subsidiary of Yildirim Group, has signed a letter of intent (LOI) with the Mississippi State Port Authority to allow for due diligence and negotiations regarding the potential location of Yilport at Gulfport, USA., which will become Yilport’s first terminal investment in North America. Strategically located on the northern Gulf of Mexico, […]

Macquarie invests in Los Angeles container storage hub

Los Angeles container storage hub

The Harbor Performance Enhancement Center (HPEC), a project proposed by the Port of Los Angeles on Terminal Island to minimize port congestion and increase cargo flow, has secured USD 130 mln in funding from Macquarie Principal Finance, a division of Macquarie Group, informs American Shipper. The HPEC is designed as a common container storage yard serving […]

Lavna coal terminal calls for strategic investor

Lavna coal terminal

The State Transport Leasing Company (STLC), set up by the Russian Ministry of Transport to control the development of the Russian transport industry, is seeking a strategic investor for the construction of the coal terminal “Lavna” at the northern port of Murmansk, informs TASS News Agency. Lavna coal handling complex is a green field project […]

European Commission simplifies rules for public investment in ports

European Commission

The European Commission (EC) approved last week new state aid rules that exempt certain public support measures for ports and some other infrastructure facilities from prior Commission scrutiny. Previously, Member States were required to notify the EC about their plans of public investment into infrastructure projects and obtain its approval. The 2014 “General Block Exemption Regulation” enabled […]

Greece to bring more Chinese investments at Belt and Road Forum

Piraeus Cosco

Greek Prime Minister Alexis Tsipras is expected to sign a three-year agreement with China attracting investment to the country’s port and shipping infrastructure, during his visit at the Belt and Road Forum for International Cooperation, inform Greek media. The Forum will be held in Beijing on May 14-15, with the attendance of 28 state leaders, […]

Barcelona logistics hub receives EUR 75 mln from EIB

ZAL Port Barcelona

The European Investment Bank (EIB) announced on Wednesday an allocation of a loan in the amount of EUR 75 mln to ZAL Port (Zona d’Activitats Logístiques), the logistics platform of the Port of Barcelona. The loan is backed by the guarantee of the Investment Plan for Europe, the so-called “Juncker Plan”, and was made possible with […]

Petrolesport to expand its container terminal

World Cup Russia

Petrolesport terminal (PLP), located in the port of St. Petersburg and owned by the leading Russian container terminal operator Global Ports, plans to invest RUR 4.2 bln (USD 75 mln) into the expansion of its container, Ro-Ro and general cargo facilities. Most of the investment (97.2%) will be covered from the company’s own capital, TASS news […]

ABP invests in Humber container traffic, despite Brexit

Associated British Ports (ABP), the UK’s leading port operator, with a network of 21 ports across England, Scotland and Wales, has announced an investment of UKP 50 mln (EUR 58.5 mln) into two container terminals on the Humber estuary – at the ports of Hull and Immingham – in order to more than double their […]

Ukraine’s ports under development

Ukrainian Sea Ports Authority (USPA) jointly with the American Chamber of Commerce in Ukraine will hold “Port Infrastructure Development Day” on 4 April 2017, where it intends to present a number of projects on construction and renovation of seaports infrastructure facilities to foreign and national engineering and construction companies, reports USPA press service. The key […]

APM Terminals invests in Gothenburg and conflicts with dockers

APMT Gothenburg

APM Terminals reports that its Gothenburg office has signed an addendum to the original concession agreement with the Port of Gothenburg to invest an additional SEK 250 mln (EUR 25 mln or USD 27.8 mln) through 2024 in the largest container port in Scandinavia. The new investment will be targeted at increasing operational productivity for […]

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