Socar subsidiary Petkim is contemplating selling 30% of its Petlim port, on the Turkish coast of the Aegean Sea, to Goldman Sachs for $250 million.
Iran’s private sector will invest 20 trillion rials (about $780 million) in the country’s projects to develop multipurpose ports and build passenger terminals, according to local media reports.
DP World raised $1 billion with a convertible bond issue of 10 years duration today. The Dubai-based port operator says the proceeds will be used to take advantage of growth opportunities and diversify funding sources.
Turkish holding Yildirim is selling a minority share (20-30%) in its port management subsidiary Yilport.
Turkey's privatisation administration (OIB) has granted the concession for the Derince port to energy firm Safi Katı Yakıt Sanayi ve Ticaret.
BAM International announced this morning that it has successfully completed the construction of a new port in Aqaba, Jordan, for Aqaba Development Corporation (ADC).
APM Terminals, which operates Aqaba Container Terminal (ACT) in Jordan, today announced plans to enhance the capabilities of its subsidiary Aqaba Logistics Village (ALV).
While few port projects remain up for grabs in Turkey, the country still offers investment opportunities. The attendees of the recent Port Finance International conference in Istanbul were briefed about how to recognise the most promising opportunities and make the best of them.
Konecranes today announced that it has received an order for 18 Rubber-Tyred Gantry (RTG) cranes from DP World’s Yarimca container terminal in Turkey. The all-electric cable reel RTGs will be delivered in 2015, says the Finnish manufacturer.