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Finance Deals

Officials from Omans Port of Duqm expect to award the tender for upgrade work at the site by the end of this year as part of plans to reach capacity of 3.5 million TEU per annum by 2017.

Chinese bank CEXIM signed a major $1 billion financing framework agreement with French shipping giant CMA CGM today. The deal was one of two major economic partnerships signed as part of Chinese Prime Minister Li Keqiang visit to  the group’s headquarters in Marseille.

The Canadian government has announced it will invest in new capacity at the Port of Trois-Rivières  in Quebec as part of major upgrade work that is expected to attract total investment of $48.09 million.

French agro-industrial firm the Soufflet Group has signed a memorandum of intent with Ukraine’s Infrastructure Ministry to invest an estimated $70 million in the  state-owned Port of Illichivsk.

Container terminal operating firm APM Terminal has backed further development at its Port of Poti site on the Black Sea coast of Georgia. The multi-million dollar project is designed to create  a mega-port that will act as a “prominent gateway” for Black Sea, Mediterranean and Central Asian trade.

The Port of Long Beach in California is to invest $555 million in a wide ranging expansion and modernization programme aimed at boosting capacity and attracting larger vessels.

South Korea’s Incheon Port Authority (IPA) commenced operation at Terminal B of Incheon New Port this week as it announced plans to turn the site into a “global hub-port” connecting China and the US.

Filipino port logistics firm ICTSI is to acquire Mexican operator Terminal Maritima de Tuxpan (TMT)for an estimated $54.5 million.

Chinese port management firm Guangzhou Port Group is to invest $484 million to expand the  Koumen, Dahao and Linding deepwater channels extending from the Nansha port area to the Pearl River estuary in South-East China.

The Port of Otago on New Zealand’s South Island is set to receive a $30 million upgrade over the next two years as it positions itself to become the leading shipment hub for next generation vessels in the country.

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Port Finance International provides online news and conferences worldwide. It is a platform and a community for senior industry experts and players to review and discuss the market. Our online news team provides daily coverage of international port finance, investment and operations news. A weekly e-newsletter- sent to readers free of charge - covers the key news and views of the week.

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