Turkey’s Yildirim Group aims to buy a 49% stake in Terminal Link, the CMA CGM subsidiary which owns stakes in over 20 port terminal assets worldwide.
Net profits at DP World Ltd. (DPW), the world’s third- biggest port operator, leaped 82% as result of gains from the sale of assets in Australia and a rise in container handling volumes.
Mediterranean Union inspired infrastructure finance fund, Inframed, has secured its first acquisition with the purchase of a 20% in the Turkish port of Iskenderun.
Middle East Dredging Company (MEDC) has landed a QAR 4.5bn ($1.2bn) contract to dredge the approach channel to Qatar's New Doha Port.
13/03/12 Turkish industrial company, the Yildirim Group, is looking to expand independently from CMA CGM’s container operations at ports in Africa and South America, said Sean Pierce, Yildrim Group’s Yilport, CEO.
The Saudi Ports Authority (SPA) has signed eight major port contracts with a total value of SAR 582m ($155.2m).
Iraqi plans to develop the $6bn Grand Faw Port near Basra have taken a major step forward with the news that the country's Transport Ministry will shortly issue a tender for the construction of a $343m breakwater.
Canada's Allana Potash has announced that Djibouti's Ministry of Equipment and Transport through the Djibouti Port and Free Zone Authority (DPFZA) has commenced a prequalification process to select contractors for the construction of a new port at Tadjoura.
Fujairah Asia Power Company has awarded Van Oord a €30m ($39.8m) EPC contract for the installation of a single point mooring (SPM) system at Fujairah in the UAE.