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Wednesday, 28 January 2015

ICTSI to raise $117m via bond issue

Filipino port management firm International Container Terminal Services Inc (ICTSI) is to raise about $117 million via the issuance and exchange of bonds in exchange for debt maturing at a later date.

The Port of Antwerp in Belgium handled a record 199 million tonnes of freight in 2014, according to the latest figures published by the port authority. The volume equates to a 4.3% year on year (y-o-y) rise on the previous year and is the highest annual amount ever recorded at the port.

New York governor Andrew Cuomo has outlined plans to invest $65 million in new port facilities across three sites in the state.

The Moerdijk Port Authority has announced that it is seeking tenders for a 119 hectares site at the port.

German crane manufacturer Liebherr has announced record shipments for 2014, with a total of 112 units supplied to six continents last year. The company claims this is the largest ever annual shipment by a manufacturer in the sector.

Bechtel, the largest construction and civil engineering company in the U.S., has signed a deal with Vietnamese firm Van Phong to conduct a feasibility study for a proposed gateway port in the Mekong Delta region in Vietnam.

The Government of Oman has launched a Request for Expressions of Interest (EOI) for the lease to operate and manage the country’s first dry port. Located in the South Al Batinah Logistics Area (SABLA) the project is designed to position the Sultanate as a logistics gateway for the Gulf and Middle East region.

Terminal operator MSC PSA European Terminal (MPET) has signed a loan agreement for €425,000 to finance the relocation of MPET’s Delwaide dock terminal at the port of Antwerp to the nearby Deurganck dock.

Upgrade work for the inner lock gates at the Port of Cardiff in South Wales has been completed at a cost of £2million upgrade, as part of wider infrastructure improvements to three Welsh ports.

Indian billionaire Gautam Adani is to invest $3.2 billion to expand capacity at Gujarat’s ports to 100 million tonnes per annum by 2020. The investment will come via his diversified multinational firm, the Adani Group.

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