News

2009 Oct 01

New dawn breaks for port finance

The global port market has changed fundamentally from the market it was in mid-2008. There has been a seismic change in the attitude of bankers to providing both debt finance and capital for new project developments or acquisitions.

Securing finance from traditional sources is now much more challenging and accordingly for new project development and acquisitions the potential is rising to take greater advantage of the new alternatives of infrastructure funds, private equity companies and other new generation sources of capital.

In financial terms, the industry has embarked upon a new era of structural change, there are new rules of engagement with the banking sector and a greater emphasis on risk assessment. Yes, port valuations today are not the port valuations of the past, but with interest generally in investment in infrastructure continuing to build the international ports sector is increasingly attractive in the eyes of the ‘new kids on the block’.

The new mantra is “don’t rule anything out” - as the chief financial officer of a leading international terminal operating company said recently. “Expect the unexpected and particularly when it comes to harnessing financial resources – new sources, new alliances and really a challenging new financial environment altogether.”

To make sense of this evolving financial picture, Port Strategy has organised a two-day conference October 21-22 in London, UK. Through eight major conference sessions, the conference will cover challenges and opportunities; risk reduction and mitigation; public and private funding options; port valuation and financing; new investors; maximising Investor Interest; and new opportunities around the globe.

Presentations from more than 20 senior conference speakers and chairmen will include:

  • The short to medium term market for shipping and ports analysed – Ocean Shipping Consultants
  • The banking hurdles today and securing finance – Den Nor Bank
  • The Private equity option: going to the market – Port Fund Rotterdam BV
  • Reducing risk in today’s volatile environment - Norton Rose
  • Public sector funding alongside private capital – BMT Transport Solutions
  • Port valuation & financing – Societe Generale Bank
  • The infrastructure fund option – Prudential M&G
  • Packaging your asset or new opportunity to maximise investor interest – Mike Mundy Associates
  • Current & emerging opportunities – National Container Corp, Hamburg Port Consulting
Source: portstrategy.com

 

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