Finance, Legal & Insurance – Page 5
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NewsHutchison Adds Two Concessions in Egypt
Hutchison Ports has signed two new concessions for container terminals with the Egyptian Government, one in Ain Sokhna Port and the other in El Dekheila Port.
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NewsSimandou Ore Project: From Stop To Start Again!
A deal has been concluded that will get work moving again to unlock the world’s largest untapped iron ore deposits at Simandou, Guinea.
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NewsJapan Funds Cambodia Container Terminal
Japan has recently agreed a US$300 million loan to develop a new container terminal at the Port of Sihanoukville, Cambodia.
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NewsTil Spending Spree Rolls Into Rotterdam
Terminal Investments Limited (TIL), the terminal division of MSC, is continuing its spending spree on securing new container terminal capacity with the announcement of the development of a new mega-terminal in Rotterdam in conjunction with Hutchison Ports, which will eventually offer a capacity of up to seven million TEU per annum.
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NewsVOC Port Award
The V.O. Chidambaranar (VOC) Port Authority has confirmed a new concession agreement has been signed with Tuticorin International Container Terminal Private Limited (TICTPL) to convert Thoothukudi Port’s Berth No 9 into a 600,000TEU/yr container terminal.
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NewsAPM Divests GPI
APM Terminals (APMT) has entered into an agreement to sell its 30.75 per cent shareholding in Global Ports Investments (GPI), the Russian ports business, to its long-established partner Delo Group.
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NewsHAL offer for Boskalis recommended
At the time of writing in early September 2022, Dutch investor HAL Holding, had raised its offer to acquire Dutch dredging and marine services provider Boskalis, to €33 per share.
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NewsUSA Rail Funding
In a move welcomed by US railroad operators, The US Department of Transportation (USDOT)…
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NewsKalmar Expansion…
Kalmar has confirmed that it is upgrading and expanding its manufacturing plant in Ottawa, Kansas, in a deal worth close to US$21.5 million.
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NewsTerminal valuation moves
Johan-Paul Verschuure of Rebel examines valuation activity in the container terminal sector: current and forward trends; investor profiles and strategic thinking
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NewsSTS10 When?
STS10, the planned new Santos mega-terminal, will not now be offered for concession until after the privatisation of the Santos Port Authority with the whole process subject to the outcome of Brazil’s upcoming presidential elections for which the first round of voting is scheduled to take place in early October.
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NewsDP World wins Djibouti court hearing
DP World has won the latest in a string of court hearings over its Djibouti concession
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Adani’s Israel Win
Adani group of India has successfully secured a deal to privatise the Port of Haifa, Israel.
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MSC Le Havre Spend
Mediterranean Shipping Co (MSC) is investing US$706.4 million in the Port of Le Havre.
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Fernandina Acquired
Worldwide Terminals Fernandina, manager and operator of the Port of Fernandina (FL), has been acquired by Transportation Infrastructure Partners (TIP).
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NewsCARGOTEC DOES KALMAR CHINA DEAL
Cargotec has entered into a new agreement with RIC (Rainbow Industries Co. Ltd.) with respect to its Kalmar subsidiary.
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News3siif invests in burgas
The 3SIIF investment fund, introduced to BMF Burgas by MTBS M&A, states it stands ready to make further investments to accelerate the ports growth. Mike Mundy reports
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NewsHeight issue warning
Falls from height remain one of the biggest causes of injury and fatalities in the workplace
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NewsTRANSNET: PRIVATE SECTOR PARTICIPATION NOT PRIVATISATION
It was made clear earlier this year when Pravin Gordhan, South Africa’s Public Enterprises Minister said: “Transnet is not being privatised. Nothing within Transnet is being privatised. However, we are being faced with the reality that Transnet will not be able to fund every aspect of its plans for investment in development and maintenance,”
