FINWIRES · TerminalLIVE
FINWIRES

Adani Ports Wins 10-Year Argentina LNG Services Contract

By

Adani Ports and Special Economic Zone (BOM:532921, NSE:ADANIPORTS) secured a 10-year contract to provide marine services for Argentina's first liquefied natural gas export project, according to a Monday press release.

The contract was awarded to Adani Harbour International FZCO, a step-down subsidiary of Adani Ports, through a consortium with Argentina-based Meridian Group, following a tender conducted by Southern Energy.

The consortium will provide tugboat operations for LNG carriers, offshore logistics and supply support, and crew transfer services for the Southern Energy floating LNG project in Argentina.

The project is expected to involve an investment of about $70 million and will be supported by four tugboats, an anchor-handling tug supply vessel, and a crew boat.

Related Articles

Asia

HD Hyundai Heavy Wins KRW360.7 billion Order for Two VLGCs from Europe; Shares Decline 5%

HD Hyundai Heavy Industries (KRX:329180) won an order for two very large gas carriers (VLGCs) from a Europe-based shipping company, according to a Monday filing with the Korean Exchange.The deal is valued at 360.7 billion won. The shipbuilder will deliver the vessels by Nov. 30, 2029.Shares of the company fell nearly 5% in recent trade.

$KRX:329180
Asia

Industrial Bank Issues 40 Billion Yuan in Tier-2 Capital Bonds

Industrial Bank (SHA:601166) issued its second tranche of Tier-2 capital bonds for the year, which amounts to 40 billion yuan, according to a Shanghai bourse filing on Saturday.The bond has a coupon rate of 1.88% and a term of 10 years, with a conditional redemption at the end of the fifth year.Proceeds will be used to supplement the company's Tier-2 capital.

$SHA:601166
Asia

Adani Ports Forms New Subsidiary in UAE for Shipping Management

Adani Ports and Special Economic Zone (NSE:ADANIPORTS, BOM:532921) has incorporated a subsidiary, Harbour International Shipping, in the UAE for the management and operation of ships, according to a Friday filing to the Indian stock exchanges.The new entity is wholly owned by The Adani Harbour International, a step-down subsidiary of the company.Harbour International has been formed to conduct its offshore operations locally in the UAE, as Adani looks to diversify its fleet globally.

$BOM:532921$NSE:ADANIPORTS