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.
04 Apr 2018
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.
06 Jul 2017
Yildirim’s CMA CGM stake is now valued by banks at between $2.5 billion and $3 billion.
09 Aug 2016
A Turkish port operator is determined to transform an Ecuadorian port into the largest container terminal in Latin America.
05 Aug 2016
The pool of potential buyers of Sepetiba Tecon outside Rio de Janeiro has shrunk from five to three.
26 Apr 2016
Yildirim Holding is mulling investment in U.S. ports as the Turkish transport and industrial conglomerate pursues its bid to become a top 10 global terminal operator.
23 Feb 2016
Yilport Holding has finalized the acquisition of Tertir, a Portugal-based port and logistics group with container and bulk terminals in Europe and South America.
09 Oct 2015
CMA CGM today confirmed it is in talks with the Yildirim Group over the sale of the Turkish conglomerate’s 24 percent stake in the French ocean carrier.
30 Sep 2015
Yilport Holding, the leading Turkish port operator, has reached agreement to take over Tertir, a Portuguese port and logistics company, with terminals in Europe and Latin America.
12 Feb 2013
CMA CGM announced today it has finalized a debt restructuring agreement with its banks that will stabilize its financial position and ease the way to an initial public offering of the world’s third-largest ocean container carrier.
20 Dec 2012
Port operator Yildirim has acquired RotaPort, a port in Korfez, Turkey, located about 80 kilometers (about 50 miles) from Istanbul.
16 Oct 2012
The French government’s long-expected decision to invest in CMA CGM will give the French carrier access to much-needed capital funds at a time when it is trying to restructure more than $5 billion of debt with some 75 bank creditors.
16 Oct 2012
France’s state investment fund Fonds Strategique d’Investissement will subscribe to CMA CGM bonds redeemable in shares for $150 million in return for a 6 percent stake in the France-based container shipping company...
05 Oct 2012
Turkey’s Yildirim Holding has acquired a 54 percent stake in Gemport, a container terminal on the southeast coast of the Marmara Sea near the capital, Istanbul.
04 Oct 2012
CMA CGM is in advanced negotiations for a $150 million cash injection by France’s state investment fund in return for a 6 percent stake in the French ocean container carrier, according to media
23 Jul 2012
Is this the time to invest in the maritime business? Yildirim Group thinks so.
21 Jun 2012
Turkey’s Yildirim Group intends to exercise its option to buy another 10 percent stake in CMA CGM, which will bring its ownership of the French liner company to 30 percent.
23 Apr 2012
France’s sovereign investment fund is weighing a $195 million stake in CMA CGM, the country’s largest ocean container carrier, according to a French national report.
04 Nov 2011
CMA CGM transferred 50 percent of its shares in the Malta Freeport transhipment hub to the Yildirim Group of Turkey, as French ocean carrier restructures in the wake of its financial crisis.
03 Aug 2011
Several financially strong companies, mainly in Asia, are poised to break into the global container terminal market, challenging the established operators that dominate the industry, according to a ne
31 May 2011
Yildirim Holding, the Turkish trading and ports conglomerate that owns 20 percent of CMA CGM, agreed in principle to buy 50 percent of the French ocean carrier’s Malta Freeport container termina