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Authorities at Korea’s Busan New Port have announced plans to expand the site with an additional 15 berths, designed to increase capacity by 15.8 million TEU.

Associated British Ports (ABP) the owner of the Port of Swansea in South Wales is to invest £2.1 million to upgrade the outer lock gates at the port as part of a £7 million investment program over the next four years.

Investment bank Morgan Stanley has reportedly been hired to arrange the sale of a 36% stake in Kumport in the west of Turkey.

Dutch port logistic firm HES Beheer is set to raise €100 million to purchase a stake in Europees Massagoed-Overslagbedrijf (EMO) in Rotterdam, the largest dry bulk transhipment terminal in Europe.

Container terminal and logistics firm the Eurogate group has reported a rise in profits over 2014 with an increase in EBIT of 10.2% year on year to €76.5 million. Growth came on the back of record container handling volumes which rose by 4.2% to 14.8 million TEU last year.

China is planning to invest a total of $46 billion for infrastructure upgrades in Pakistan as part of a wide-ranging China-Pakistan economic corridor that will include the development of a mega-port at Gwadar, officials announced.

India’s Jawaharlal Nehru Port Trust (JNPT) has announced plans to raise a reported $480 million in foreign loan capital to fund expansion of a six-lane shipping corridor over the next two years.

Spanish port operator Grup TCB has announced its planned acquisition of Terminal Polivalente de Castellón (TPC) near Valencia on the East coast.

The Iraqi Ministry of Transport has invited international investors to register their interest in the country’s proposed Grand Faw port project.

Emirati port operator DP World has announced it will buy Canada’s Fairview Container Terminal for $457 million, expanding its presence on Canada’s west coast.

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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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