Yilport and the Mississippi State Port Authority are making headway in agreeing to a concession and aim to have a binding letter of intent — featuring a roadmap of planned investments — by the end of the year.
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Yilport, which signed a memorandum of understanding with the Mississippi State Port Authority in February, is promising to invest hundreds of millions of dollars in the state’s Port of Gulfport, which it says has the potential to feed volume, particularly refrigerated goods, between Gulfport and Yilport terminals in Ecuador and Peru.