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News from September 2009

Joint venture for Vietnam port project approved

29th of September, 2009

Mitsui O.S.K. Lines (MOL) has announced that it has received approval from the government of Vietnam to establish a new joint terminal operation company, Tan Cang Cai Mep International Terminal Company Ltd. (TCIT) to operate the $200 million Tan Cang Cai Mep International Terminal development.

Shanghai International Port in RMB 4bn debt issue

24th of September, 2009

The Dow Jones news service has reported that Shanghai International Port (Group) plans to issue RMB4 billion (approximately $587 million) in one-year bills on the interbank market.

Vopak in $146.5m notes issue

7th of September, 2009

Tank terminal operator Vopak has announced that it has successfully concluded a new SGD$210 million (approximately US$146.5 million) senior unsecured notes issuance in the Asian Private Placement market, with 11 institutional investors participating in the issuance.

BBI in recapitalisation talks

3rd of September, 2009

Trading in shares of Australian asset manager Babcock & Brown Infrastructure Ltd, owner of PD Ports, has been halted as details emerged that the company was in talks with a potential new cornerstone investor.

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