Bases on the Memorandum of Understanding (MOU) signed among MITSUI E&S Co., Ltd. (MES: President: Takeyuki TAKAHASHI), Yilport Holding A.S. (Yilport: Chairman: Robert Yuksel Yildirim) and Japan Bank for International Cooperation (JBIC; Governor: HAYASHI Nobumitsu) that aims to support Yilport's port development by using the port container cranes of MES, JBIC and Yilport has signed a buyer's credit (export loan) agreement.
The loan is intended to provide the necessary funds and co-financed with ING Bank N.V., Tokyo Branch, through Yilport, for LISCONT-Operadores de Contentores, S.A., a Portuguese subsidiary of Yilport, to put four port container cranes from MES into the operation at the Liscont Terminal in Lisbon, Portugal.
JBIC provides financial support to assist Japanese companies in the export of machinery and equipment and in the overseas expansion of their businesses by drawing on its various financial facilities and schemes for structuring projects and by performing its risk-assuming function. We MES plan to support one of the leading global terminal operators, Yilport aiming to further expand its business around the world as well as to expand it global container crane business all over the world including USA, Europe, ASEAN countries and so forth.
