BMT forges ports presence
UK-headquartered marine and energy technology solutions group BMT is stepping up its presence in the ports sector, chief executive Peter French made clear as he unveiled financial results including 3% growth in operating profits in 2007 to £ 4.3m, and a 12% rise in turnover.
BMT is advising a number of companies eyeing port and terminals takeovers, by carrying out due diligence and trade forecasts and developing financial models. Ports were “still seen as a good investment”, said Mr French, who said there had been a brief hiatus caused by the international credit crunch.
Backed by its offices in Mumbai and in Ahmedabad, Gujarat, which has the highest number of ports in India, BMT is enjoying spinoff from the estimated $15bn investment in new ports in the region.
New contracts include the design of a liquefied natural gas jetty at Dahej.
Baxter Eadie, a top ports consultancy founded by Ron Baxter and Bill Eadie and which has just been acquired by BMT, is advising a South Korean consortium considering investment in Bung Tau, Vietnam, a port which made its name in oil and gas activity and is looking to diversify.
The BMT office in Singapore has also been doing much work in developing bulk terminals in Vietnam. BMT intends to expand its business significantly in the Arabian Gulf and Asia Pacific.
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