Industry News China’s COSCO SHIPPING Ports Ltd is set to sign a $3 billion deal with Peru’s Volcan Compania Minera to invest in the port of Chancay on the South American country’s Pacific coast next month, Volcan chairman said. COSCO SHIPPING Chairman Xu Lirong will attend a signing ceremony for
Industry News Kenya is in talks with Transnet SOC Ltd. of South Africa to operate a seaport that the East African nation is developing to partly use for planned exports of oil. The state-owned South African logistics company is leading a group of companies that are pitching to provide the
Industry News The Northern Adriatic port city of Rijeka has been celebrating the 300th anniversary of its status as a free port, granted by Holy Roman Emperor Charles VI on 18 March 1719, and this has prompted a look into the port’s future. Rijeka port is one of a number
Industry News Mitigation of risks provides a smooth path to securing port finance for both green and brownfield developments, finds Alex Hughes. When pitching a port project for finance, there is one simple rule: The focus has to be on mitigation of main risk components. So says Reinout Polders, financial
Industry News The Minister of Transport, Kwaku Ofori Asiamah has announced his outfit is engaging more private organizations to develop the maritime industry to accelerate economic development and job creation. Speaking at the Meet the Press series in Accra, the Transport Minister declared that at Tema Port, the construction of
MTBS News The Port of Rijeka Authority (PRA), as the implementing agency under the Ministry of Sea, Transport and Infrastructure of the Republic of Croatia and Concession Grantor, now invites interested and eligible Port Terminal Operators to register their interest for the Concession to develop, operate and manage the Zagreb
MTBS News COSCO SHIPPING Ports Limited (“CSP”) has announced that it will acquire a 60% stake in Terminales Portuarios Chancay S.A. (Chancay Terminal) from Volcan Compañía Minera S.A.A., (“Volcan”) for a total consideration of US$225million, with an initial payment of US$56million. The port of Chancay is a Greenfield Port Development
MTBS News An MTBS-sponsored Dutch youth sports team competed at the International Children Winter Games 2019, held at Lake Placid, USA. The Olympic oval is known from the Olympic Winter Games of 1932 and of 1980 in which famous speedskater Eric Heiden won four Olympic medals in 1980. The Dutch
MTBS News MTBS and PFI hosted the 1st PFI Port Finance Summit in Istanbul on the 31st of January. This invitation-only Summit provided attendees with an overview of recent developments and key areas for opportunities in the Port M&A market. The event took place at the Palais d’ Hollande at
MTBS News Two MTBS experts hosted the Port Investments and PPP Course in Istanbul on the 29th and 30th of January, in a joint effort with Port Finance International (PFI). The 2-day course was attended by various executive-level attendees and focused on the following topics: Port PPP Strategy; Port PPP
