Cargotec Corporation
Kalmar’s hybrid RTGs to support sustainable growth for Total Terminals International at the Port of Long Beach, California
Kalmar’s hybrid RTGs to support sustainable growth for Total Terminals International at the Port of Long Beach, California CARGOTEC CORPORATION, PRESS RELEASE, 7 JANUARY 2021 AT 3 PM (EET)
Kalmar, part of Cargotec, has completed a deal with Total Terminals International, LLC (TTI) to supply a total of six hybrid rubber-tyred gantry cranes (RTGs) equipped with a suite of Kalmar SmartPort process automation solutions. Valued at approximately USD 13 million (EUR 11 million), the order also includes a two-year Software Maintenance and Support (M&S) Services agreement for the Kalmar SmartPort software. It was booked in Cargotec s 2020 Q4 order intake with delivery scheduled for Q4 of 2021.
(2) CARGOTEC CORPORATION, PRESS RELEASE, 7 JANUARY 2021 AT 3 PM (EET)
Kalmar, part of Cargotec, has completed a deal with Total Terminals International, LLC (TTI) to supply a total of six hybrid rubber-tyred gantry cranes (RTGs) equipped with a suite of Kalmar SmartPort process automation solutions. Valued at approximately USD 13 million (EUR 11 million), the order also includes a two-year Software Maintenance and Support (M&S) Services agreement for the Kalmar SmartPort software. It was booked in Cargotec s 2020 Q4 order intake with delivery scheduled for Q4 of 2021.
Established in 1991, TTI is a full-service marine terminal and stevedore operator headquartered in Long Beach, California on the US West Coast. The company is 80% owned by Terminal Investment Limited (TiL), a subsidiary of MSC Group, with the remaining 20% owned by Hyundai Merchant Marine Co, Ltd.
Adani Group’s container terminal subsidiary raises $300 mn via dollar bonds
Adani International Container Terminal Pvt Ltd has raised $ 300 million by issuing dollar bonds to international investors.
The issue witnessed participation from marquee investors with interests coming in from around 220 accounts and was oversubscribed by almost ten times.
The company’s 10 year bond was priced at par to yield 3 percent which is also the lowest coupon achieved by any corporate Indian issuer in the last 5 years, said a statement from the company.
The investors were attracted by its strong shareholders, APSEZ & TiL, and their combined business strengths embedded in the company, backed by the credit quality of the issuance supported by investment grade rating affirmation by all 3 international rating agencies.
Unprecedented response to Adani International Container Terminal Private Limited s maiden USD Bond Issuance
Posted On: 2020-12-27 20:57:16 (Time Zone: Arizona, USA)
Adani International Container Terminal Private Limited (AICTPL) settled its first USD 300 mn public USD bond issuance on 21st December 2020. The issue witnessed large participation from marquee real money investors with interests coming from around 220 accounts leading to approx. 10 times oversubscription. The issue of ~10 Years was priced at par to yield 3.00% which is also the lowest coupon achieved by any corporate Indian issuer in the last 5 years.
The investors were attracted by its strong shareholders, Adani Ports and Special Economic Zone Limited (APSEZ) & Terminal Investment Limited (TiL), and their combined business strengths embedded in the Company, backed by the credit quality of the issuance supported by investment grade rating affirmation by all 3 international rating agencies.
Adani International Container Terminal Pvt Ltd has raised $ 300 million by issuing dollar bonds to international investors. The issue witnessed participation from marquee investors with interests coming in from around 220 accounts and was oversubscribed by almost ten times. The company s 10 year bond was priced at par to yield 3 percent which is also the lowest coupon achieved by any corporate Indian issuer in the last 5 years, said a statement from the company. The investors were attracted by its strong shareholders, APSEZ & TiL, and their combined business strengths embedded in the company, backed by the credit quality of the issuance supported by investment grade rating affirmation by all 3 international rating agencies.