Seaports accounts for over 80 per cent by volume of International trade and commerce.
Milbank Represents Initial Purchaser in $450 Million Offering by Panama Canal Authority for New Bridge over Waterway
Hamburger Hafen und Logistik AG (HHLA) has placed a promissory note loan on the debt capital market (DCM) for the first time. The total volume is around € 75 million. The income will be used to replace a higher interest rate shareholder loan in the non-listed real estate subgroup (S division). The high level of demand meant that the promissory note loan was subscribed more than three times over.
Proposed plans to develop a multi-million dollar terminal project at the Port of Vostochny in Eastern Russia have attracted interest from investors, with the Japan Bank for International Cooperation (JBIC) already promising around $100 million for the project.
Trade and investment relations between the U.S. and the United Arab Emirates (UAE) have been given a boost with the signing of a “sister ports” agreement linking the Department of Seaports and Customs in Sharjah and the Canaveral Port Authority of Florida.
Hutchison Port Holdings Limited (HPH) subsidiary Barcelona Europe South Terminal (BEST) moved 15.000 TEU via rail in August, breaking its previous record of 13.000 TEU set in March of this year. During August BEST serviced nearly 300 trains, a 25% increase on its monthly average.
The Port of Felixstowe is creating an environmental corridor as part of the Go Green campaign launched by Hutchison Port Holdings (HPH) and a number of other global port operators.