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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.

Authorities at the Chinese Port of Yantian are reportedly planning to issue bonds valued at $354 million on the Shenzhen Stock Exchange, in order to fund further expansion both at the port and overseas.

The Chinese Premier Li Keqiang has announced a massive $50 billion investment in Brazilian infrastructure, including ambitious plans to improve the port sector, as he visits the country this week.

Dubai-based port operator DP World is moving ahead with construction at its multi-million dollar Yarımca port project in Turkey, with the first vessel set to arrive last quarter of this year and container cranes expected on site in a matter of weeks.

Russian systems developer Solvo has signed a contract to optimize operations at the Commercial Port of Vladivostok (VMTP) via the integration of its terminal operating system, Solvo.TOS .

Singapore’s port authority has signed a contract to begin construction of the first phase of a planned $1.82 billion Tuas deep-water port expansion project.

The Greek government is reported to be reducing the stake in the country’s Piraeus Port that is up for sale from 67% to 51% as it seeks to tread a line that both appeases Greek voters and EU lenders eager to raise capital to pay off debts.

Hong Kong-based operator Hutchison Port Holdings Limited (HPH) Group is to invest a total of $303 million at its Oman International Container Terminal (OICT) to upgrade capacity to 6 million TEU by 2019.

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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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