Industry Archives: Ports and Terminals

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Dighi Port in talks with PE investors to raise 2 bln rupees

Live Mint March 5, 2014
Mumbai: Dighi Port Ltd, which runs a port on the banks of Rajpuri creek in Maharashtra’s Raigad district, is in talks with private equity (PE) and strategic investors to raise about Rs.200 crore for the port’s expansion, two people with direct knowledge of the development said.
This will be aided by FS Transportation Networks Ltd, an investor in Dighi Port, looking to acquire an undisclosed stake in the port company’s road connectivity project.
Dighi Port’s earlier attempts at raising funds have suffered because of a lack of adequate connectivity.
Dighi Port, controlled by Mumbai-based Balaji Infra Projects Ltd, also has been undergoing a financial restructuring since December 2011 to recast loans worth Rs.800 crore. The firm is now looking to raise money to complete the first phase of port development, after which the total installed capacity of the port will be around 30 million tonnes.
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KKR to invest C$250 million in Torq Energy Logistics

TORONTO, Dec 24 (Reuters) – Torq Energy Logistics, an affiliate of privately held Torq Transloading Inc, said on Tuesday that private equity firm KKR & Co has agreed to invest C$250 million ($236 million) to fund Torq’s capital program and acquisition strategy. Continue Reading →

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Cabinet Wants Novorossiysk Port Stake Sold on Open Market

The Moscow Times
The Cabinet is opposed to the idea put forth by Rosneft’s President Igor Sechin that his firm buy the state’s stake in the port of Novorossiysk, high-ranking officials familiar a report on the facility’s privatization said Monday. Continue Reading →

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Rosneft Asks to Buy State’s 20% Stake in Port

The Moscow Times
Rosneft, the world’s largest listed oil company by output, has asked President Vladimir Putin to sell it the state’s 20 percent stake in Novorossiisk Commercial Sea Port Continue Reading →

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3 Tycoons Bidding for Sheremetyevo Terminal

The Moscow Times
Three Russian tycoons are bidding against each other for the lucrative project to redevelop Sheremetyevo Airport’s Northern Terminal Complex Continue Reading →

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Government Plans $7Bln Port on Black Sea Coast

The Moscow Times
As officials scowl at the cargo that goes out through foreign harbors, the government is making headway on a plan to build a $7 billion port on the Black Sea. Continue Reading →

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Chinese Coal Port Said to Weigh Moving Shanghai IPO to Hong Kong

Bloomberg
Qinhuangdao Port Co., China’s biggest coal port, is preparing an $800 million initial public offering in Hong Kong after waiting for more than a year to sell shares in Shanghai Continue Reading →

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Deripaska Puts Out Tender for Krasnodar’s Pashkovsky Airport

The Moscow Times
Airport operator Basel Aero, a subsidiary of billionaire Oleg Deripaska’s Basic Element, will begin accepting bids on Sept. 6 to design Krasnodar’s Pashkovsky airport in the first step on its transformation into a major aviation hub. Continue Reading →

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Keppel T&T unit acquires 60% stake in Guangdong port company

Straits Times
A subsidiary of Keppel Telecommunications & Transportation (Keppel T&T) has agreed to buy a 60 per cent stake in Foshan Sanshui Port Development Co, a Chinese company engaged in the development and operations of a port in Sanshui District in Foshan Continue Reading →

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Tycoon Rotenberg to Control Sheremetyevo Cargo Operations

Moscow Times
A company controlled by billionaire tycoon Arkady Rotenberg has purchased a controlling stake in the project to build a new air freight terminal at Sheremetyevo Airport, as well as shares in the existing terminal Continue Reading →

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