RBS hungry to finance more port developments

Money man: bank is in the market for increased lending. Credit: Elliott Brown Money man: bank is in the market for increased lending. Credit: Elliott Brown
Industry Database

Delivering a shot in the arm for future port financing, specialist bank RBS has stated that it is “extremely positive” on the outlook for the sector.

On the back of this, the bank’s managing director for global banking & markets, Andrew Paulson, admitted that RBS would “like to be doing a lot more in the sector”.

Speaking at TOC Europe in Rotterdam, Mr Paulson said that ports raised $16bn in global debt markets last year, representing just 10% of the global financing market.

“Your industry is very global in its nature but the debt financing is actually a little bit behind,” he said. “Ten percent actually feels quite small which is illustrative of the opportunity for debt capital to come into your sector and finance projects.”

Going forward, Mr Paulson advised ports to view financing as an enabler rather than a driver for achieving business goals. He also recognised the challenge of larger ships and carrier partnerships.

“As the market is changing with bigger ships and bigger alliances the financing proposition can only be as efficient as the equipment around it. Productivity is key as is the revenue generated by those movements and that’s what financiers look for.”

RBS has led 22 transactions and raised over E11bn for the sector since 2011.


ShibataFenderTeam supports PIANC Young Professionals

As one of the world's leading fender specialist, we consider it our responsibility to do our part fo... Read more


Warrenpoint Port has commissioned a new crane and has commenced the refurbishment of two other crane... Read more

Bigger share of modal split envisaged for inland shipping in the Baltic Sea Region

A vision for inland waterway transport (IWT) in the Baltic Sea Region as well as means to strengthen... Read more

QTerminals reaches new container and cargo handling milestones in record time

Over two million containers and five million tonnes of cargo handled Read more

Bendezu Port Equipment delivered two GOTTWALD HMK 6407 B from BELGIUM to SPAIN

Bendezu Port Equipment GmbH, an international trading company offering second-hand port equipment, h... Read more

View all