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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.

The UK port sector received a £1.6 billion boost this week with the news that Canada Pension Plan Investment Board (CPPIB) and British firm Hermes Infrastructure are to acquire a 30% stake in Associated British Ports (ABP).

Chilean shipping firm Compañía Sud Americana de Vapores (CSAV) has reported profits of $389 million for 2014, boosted by the merger of its container business with Germany’s Hapag-Lloyd in December.

The sale of the Greek government’s 67% stake in the Piraeus Port Authority (PPA) to China’s Cosco group is expected to be “completed within weeks”, according to comments by the country’s Deputy Prime Minister Yannis Dragasakis to Chinese state news agency Xinhua.

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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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