News from November 2009 - Page 1 of 2
Dubai World credit issues 'will not affect ports'
30th of November, 2009
Dubai World has released a statement confirming that its current review of the debt obligations of certain entities within the Group will not directly affect its port-related businesses.
Dalian deal gets shareholder support
30th of November, 2009
Dalian Port Company Limited has announced that all resolutions for its Board’s proposed A Share Issue and acquisition of certain port operations and assets from Dalian Port Corporation Limited have been approved by shareholders.
ICTSI wins 34-year Manzanillo concession
30th of November, 2009
International Container Terminal Services Inc (ICTSI) has won a 34-year concession from the Administracion Portuaria Integral de Manzanillo (API) to operate the Port of Manzanillo in Mexico.
PYI sells 15% stake in Yangkou Port
30th of November, 2009
PYI Corporation Limited has entered into an agreement for the disposal of an aggregate of 15 per cent interest in Yangkou Port, for a total consideration of RMB300 million (approximately US$44 million).
TGE agrees $200m EPC deal for Zhejiang LNG terminal
24th of November, 2009
China International Marine Containers (CIMC) has announced that its subsidiary, TGE Gas Engineering, has won the bid on an EPC (engineer, procure and construct) contract for an LNG terminal project in Zhejiang.
COSCO goes cold on Sangley Point
22nd of November, 2009
China Ocean Shipping Co. (COSCO) has withdrawn its interest in a proposed US$5 billion project to turn Sangley Point in the Philippines into an international logistics hub, according to reports.
Brookfield Asset Management acquires PD Ports
20th of November, 2009
PD Ports has confirmed that it is under new ownership, following the sale of 100 per cent of its equity to Canadian-based Brookfield Asset Management.
Jiangsu Lianyungang Port Co. agrees acquisitions with parent company
17th of November, 2009
Jiangsu Lianyungang Port Co. has agreed a deal to acquire controlling interests in two port and terminal businesses from its own parent company, Lianyungang Port Group, according to reports.
PYI acquires Yichang Port Group
6th of November, 2009
PYI Corporation Limited, a bulk cargo port and infrastructure operation group listed in Hong Kong, has acquired a 51 per cent equity interest in Yichang Port Group, for a total sum of RMB114 million (approximately US$16.7 million).
?8m loan provided for Port of Poti container terminal
2nd of November, 2009
The European Bank for Reconstruction and Development (EBRD) has granted approval on a loan of €8 million to the Port of Poti in Georgia, for use in its upgrade project which aims to turn the port's Berth 14 into a container terminal.
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