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Container terminal operators are faring slightly better than their customers - the shipping lines - who are bleeding financially after being hit by what in Singapore is called the ‘double whammy.’ This refers to the twin blows of falling freight rates and rising costs escalated chiefly by soaring bunker prices. Most port operators on the other hand, especially those that run terminals in Asia, have stayed financially afloat, above the danger zone, albeit with reduced profits.

Rotterdam has agreed to help develop a new deep-water port in Brazil’s Espirito Santo state that will handle oil products, dry bulk goods and provide offshore services, Rotterdam Port Authority (RPA) said on Tuesday.

APM Terminals today confirmed that a 7% increase in box handling to 33.5million TEU and a 10% increase in turnover, helped net profits -before gains and special items- jump  24% to $611 m in 2011.

APM Terminals is continuing talks with the Tanzanian government to operate a terminal at Dar es Salaam, the Danish container operator said on Thursday.

India's Adani Ports and Special Economic Zone (SEZ) this week secured  $1.25 billion in non-recourse funding allowing it to fully repay a $2 billion bridging loan used to acquire a coal terminal in Australia, Ravi Bhamidipaty, Adani Ports CFO, told PFI.

InfraMed has invested close to $70m in March to acquire a 20% share in the newly privatised port run by Turkish industrial conglomerate, the Limak group.

BCT is looking at external finance through banks to provide 65% of required intermodal and infrastructure investment funds.

South Africa’s Transnet Group is to invest $39.1 billion in port and rail capital projects up until 2019, the state-run company said on Wednesday.

Baltic Container Terminal (BCT)  at Gydnia port, in Poland,  has won a PLN 53.8m ($17.2million) EU subsidy to cover 35% of intermodal investment costs including terminal equipment and rail infrastructure up to 2015, BCT said on Friday.

Thoroughput was flat at China’s Hutchison Whampoa’s ports and related services division in 2011, with the group handling 75.1m teu, but revenues rose 11.6% to HK$32.5bn ($4.2bn), the Hong Kong-based company said on Friday.


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.

Port Finance International's conferences and training programmes are held across the globe. These events feature key industry figures and they address market challenges and trends as well as providing industry players with essential networking opportunities.

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