Standard Chartered invests US$22M in Karaikal Port
KARAIKAL port in India, billed as the new gateway to the southern state of Tamil Nadu, has roped in Standard Chartered Private equity as an investor.
Philippine President launches new $200M berth
PHILIPPINE President Benigno S. Aquino inaugurated on Friday, June 29th, the sixth berth of the Manila International Container Terminal that operator International Container Terminal Services describes as Philippines’ “largest and leading international trading gateway.”
Mumbai offshore terminal costs surge
PROJECT costs of the Mumbai offshore container terminal is estimated to balloon beyond US$200 million, Port Finance International has learnt.
Rotterdam World Gateway secures €360m from lenders
Construction of the first phase of the €700 m ($888.9m) Rotterdam World Gateway (RWG) at the Maasvalte II site will start this week after RWG’s reached financial closure with lenders for the container terminal project, RWG said on Wednesday.
South Carolina to invest $180m in port upgrades
South Carolina Port Authority (SCPA) in the United States has approved its largest investment plan in the agency's 70-year history with a $146.9 million in capital spending going on the construction of the new Navy Base Terminal and upgrades to facility infrastructure and information systems as well as the creation of nine new jobs.
Melbourne to inject $400m for vehicle capacity expansion
Port of Melbourne Corporation (PMC), Australia’s leading container gateway, is to invest AUD $400 million to expand its automotive terminal capacity, the head of state of Victoria, Ted Ballieu has announced.
DP World secures financing for Rotterdam World Gateway
A consortium led by DP World has allegedly closed a financing deal for the €700 million (US$888.9m) investment in Rotterdam World Gateway terminal overcoming a series of disputes.
Banks and port investors face refinancing conundrum
The refinancing of existing port projects will be one of the key market challenges between now and 2014 with numerous port investors under pressure to refinance seven year investments made prior to the global financial crisis.
Bank closures reflect shift in liquidity sources
On June 30th, public German bank, WestLB, formerly a key port finance lender in Western Europe, will close.
Greece to push ahead with port reforms
Post-election Greece is expected to push ahead with the establishment of a new port regulatory system and the privatisation of 12 ports, a source close to the Greek authorities said on Monday.
