Port Finance International Events - covering global port developments

Search site

RSS

Finance Deals

The SEA-Invest group is planning construction of a new tanker terminal in the Delwaide dock representing an investment of 250 million euros.

International Container Terminal Services, Inc. (ICTSI) today reported unaudited consolidated financial results for the quarter ended March 31, 2016 posting revenue from port operations of US$266.5 million, a decrease of 10 percent from the US$296.1 million reported for the same period last year; Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of US$121.9 million, four percent lower than the US$127.5 million generated in the first quarter of 2015; and net income attributable to equity holders of US$42.2 million, down 22 percent compared to the US$54.0 million earned in the same period last year.  The decline in earnings was mainly driven by lower storage & ancillary revenues, unfavorable container volume mix, lower capitalized borrowing cost, higher depreciation and amortization expenses and start-up costs of new terminals and projects.  Diluted earnings per share for the period declined 40 percent to US$0.014 from US$0.023 in 2015.    

UK Shipping Minister Robert Goodwill MP has welcomed the investment being made by Peel Ports during a visit (10 March 2016) to the company’s Liverpool2 container terminal.

The Hague, Netherlands - APM Terminals has completed the USD 1 billion acquisition of Spanish Grup Maritim TCB’s port and rail interests. APM Terminals has yet to receive approval for three of 11 terminals under Grup Maritim TCB, but has decided to move ahead with the acquisition, as the remaining terminals constitute less than 5% of the value of the acquisition. The acquisition thus adds 8 ports with a combined 2 million TEU equity-weighted volumes to APM Terminals, expanding the network to 72 operating ports, across 69 countries.

Peel Ports Group announces today that it has completed the acquisition of Great Yarmouth Port Company Limited (GYPC) from International Port Holdings for an undisclosed sum.

Agreement marks first overseas project in Qingdao Port’s international development.

DP World Limited handled 46.5 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals during the first nine months of 2015, with gross container volumes growing by 3.2% on a like-for-like basis. On a reported basis gross volumes grew by 3.7%.

Metrans, an intermodal subsidiary of Hamburger Hafen und Logistik AG (HHLA), further expands its position in Central and Eastern Europe. The Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó, Chairman of HHLA’s Executive Board Klaus-Dieter Peters and Metrans Managing Director Peter Kiss today laid the foundation stone for a new railway hub terminal in the Hungarian capital, Budapest. It’s location makes it the ideal interface between the seaports of Northern Europe and South-Eastern Europe. Metrans and HHLA thereby further strengthen their hinterland network and improve connections to a key European growth region.

Final deliveries of remaining STS cranes and RTGs scheduled for December for 1st Quarter 2016 operations, creating Turkey’s newest container port with an annual capacity of 1.3 million TEUs, and ability to handle vessels of 16,000 TEUs.

Page 1 of 61

ABOUT US

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.

Follow us

Newsletter

Sign up for our free newsletter