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April 11, 2018

Mississippi State Port Authority and YilPort sign port expansion deal

The Mississippi State Port Authority has signed a letter of intent (LOI) to discuss YilPort Holding's potential location at the Port of Gulfport in Mississippi, US.

The Mississippi State Port Authority has signed a letter of intent (LOI) to discuss Yilport Holding’s potential location at the Port of Gulfport in Mississippi, US.

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Yilport Holding, which is a subsidiary of Yildirim Holding, is also expected to invest in additional facility and equipment upgrades of the Port of Gulfport, which is on the verge of completing a $570m restoration project.

The newly signed deal represents the first terminal investment of YilPort in North America.

Port of Gulfport executive director and CEO Jonathan Daniels said: “As we continue discussions with YilPort, the Port of Gulfport has a unique opportunity to evaluate a private-public partnership (PPP) that could lead to a significant investment in additional infrastructure and provide both parties with increased global coverage.

“Our central location will allow YilPort to further expand international trade lanes from Gulfport and increase cargo throughput.”

Established in 1902, the Port of Gulfport is operated by Mississippi State Port Authority.

“We will be applying state-of-the-art port technologies at Gulfport in order to make it the most competitive in the region.”

The bulk, break-bulk and container seaport currently features a 300-acre deep-water port and a 116-acre inland port facility.

YilPort Holding chairman Robert Yuksel Yildirim said: “We will be applying state-of-the-art port technologies at Gulfport in order to make it the most competitive in the region.

“We see a great potential to feed volume, particularly refrigerated goods, to Gulfport from YilPort terminals in Ecuador, Peru, and Latin America, to reach the US Midwest.

“There is further potential in leveraging the company’s trading subsidiary to handle containerised liquid and bulk products out of the US Gulf Coast region for small and medium-sized shippers.”

YilPort, which specialises in metals and mining, energy production, port management and logistics, among others, currently has operations in 49 countries situated on four continents.

The company also has a 24% share in global container shipping company, CMA CCGM Group.

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img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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