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Finance Deals

YILPORT HOLDING of YILDIRIM GROUP in Turkey is pleased to announce that it has reached an agreement with Portugal’s MOTA-ENGIL Group and NOVO BANCO to acquire 100% of the shares of the Portuguese port management company, TERTIR, and its portfolio of port terminals and forwarder / support services businesses located across Europe and Latin America.

International container terminal operating company APM Terminals has announced the acquisition of a majority stake in Spanish logistics firm Grup Maritim TCB.

Turkish port operator Global Ports Holding (GPH) has signed a deal to purchase a 30.79% stake in Maltese terminal operator Valletta Cruise Port (VCP).

Thursday, 03 September 2015

Euronav secures $750m credit facility

Belgian shipping firm Euronav has announced that it has secured a $750 million credit facility  to help finance the construction of four new build Very Large Crude Carrier (VLCC) vessels and refinance 21 existing vessels.

India’s prime minister Narendra Modi along with officials from the United Arab Emirates (UAE) have backed an ambitious $75 billion programme of investment to develop a number of port projects as well as wider transport infrastructure and defence.

Filipino port operator and logistics firm International Container Terminal Services Inc. (ICTSI) is to raise capital of $450 million via a bond issue to finance further expansion.

Canadian asset management firm Brookfield Infrastructure has announced the acquisition of Australian port and logistics firm Asciano for $8.8 billion.

The European Investment Bank (EIB) has approved a loan of €100 million for the Alexandra Basin Redevelopment Project which will upgrade the Port of Dublin on the east coast of Ireland.

Global shipping firm Maersk Line has reported  ‘very weak’ demand for container freight for the first half of this year and predicts the segment will grow ‘slower than expected’ at a rate of 2-4% over 2015 as a whole.

The U.S. island territory of Guam in the Western Pacific is seeking a reported $21.5 million  to expand capacity at the deepwater Port of Guam and develop into a regional container hub, according to comments from the Port’s Authority.


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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