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Finance Deals

Operators of Belgian container terminal Antwerp Gateway NV have closed a €125 million financing deal to expand the terminal and purchase new equipment as well as refinance existing loan agreements.

The Port of Yuzhny in the Odessa region of Ukraine is seeking capital investment of $500 million between 2015 and 2019 for major upgrades and capacity increases, according to comments from Oleksandr Lahosha, director of Yuzhny Port.

UK port firm PD Ports has announced the completion of its takeover of terminal operator Groveport Logistics, owner of the 190 acre inland River Trent port complex.

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.

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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.

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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