Sector - Transport, Ports, Air & Logistics
StanChart acquires ETG
Standard Chartered has acquired a US$74mn minority stake in Tanzania’s Export Trading Group in a deal that values the company at over US$500mn.
Piracy attacks are on the rise
Pirate attacks in East and West Africa are rising, according to the International Chamber of Commerce.
SMBC buys RBS aviation business
RBS has agreed to sell its aviation business to Sumitomo Mitsui Banking Corporation for US$7.3bn.
Thomas Cooper appoints senior partner successor
Stephen Swabey, senior partner at law firm Thomas Cooper, will retire at the end of April. Tim Kelleher has been appointed as his successor.
ABN Amro sets sights on Asia
ABN Amro has confirmed it will expand the Asian operations of its global energy, commodities and transportation private banking and clearing businesses.
Thomas Cooper expands marine team
International law firm Thomas Cooper has appointed two new partners, Enrique Navarro and Ernesto Rivera to its marine team in Madrid.
Azerbaijani SMEs win ITFC approval
Azerbaijani leasing company Unileasing has agreed a US$3.5mn credit facility with International Islamic Trade Finance Corporation to finance its small and medium enterprises.
Brazilian transport gets international support
Brazilian transport enterprise Embraport has won a US$430mn syndicated loan from a group of international and development banks to construct a container and liquids terminal in Brazil.
African Development Bank launches new lending strategy
The African Development Bank has reviewed its lending strategy by introducing the use of A/B loans.
HFW hires shipping partner
International law firm Holman Fenwick Willian has hired Simon Chumas as partner in the firm’s shipping practice.
US Exim signs Tajikistan first
The Export-Import Bank of the US is backing its first transaction in Tajikistan following the signing of a US$80mn loan to Somon Air.
Lobby group calls for shipping changes
A powerful shipping lobby group has called for consolidation in the ocean shipping industry as Maersk Line releases a manifesto to change the way the business is run.
GT Nexus Shipper Council, which contains members from multinationals including Kraft and Cargill, is putting itself behind Maersk and calling for technology and business processes convergence across the shipping industry.
“Reliability is not good enough, the industry is too...
Brazil secures Japanese funding
Brazil’s development bank BNDES has agreed a US$3bn memorandum of understanding with JBIC to expand financial cooperation between the countries.
Under the terms of the contract, funding will be invested in...
JP Morgan backs Bangladesh Airlines
State-owned Biman Bangladesh Airlines has won a US$277mn financing facility from JP Morgan to purchase two Boeing aircraft.
Tanzania infrastructure facility heralds new wave of deals
Tanzania has secured a US$250mn seven-year loan from a consortium of banks led by Stanbic Bank Tanzania and its parent bank Standard Bank.
The deal consists of funding from local and international commercial banks, as well as underwriting from multilateral financial institutions and commercial insurers.
It marks the first time Tanzania has sought commercial financing for long-term projects, and the deal may herald a change of attitude among African governments on how to meet their financing needs.
