01 Aug 2006

The $6.8bn that the company paid for P&O Ports last February and the $3bn it expects to invest in new container terminals and on expanding existing facilities will likely influence the eventual size of the IPO. Senior vice president for corporate strategy, Yuvraj Narayan commented that raising the additional capital may take place in several distinct tranches.

Liebherr Container Cranes delivered four RTGs to Khorfakkan Container Terminal in June. These latest additions take the number of Liebherr RTG's delivered to Gulftainer's Khorfakkan terminal since 1999 to 12.

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