Business Wire

Anaklia Development Consortium Signs Agreement with US-Based SSA Marine to Invest in and Operate Container Terminal of Anaklia Deep Sea Port in Georgia

Del

Anaklia Development Consortium (ADC) today signed an agreement appointing SSA Marine as terminal operator for the Anaklia Deep Water Black Sea Port’s container terminal, which will establish an important new maritime corridor between China and Europe and stimulate national and regional economic growth. The agreement provides SSA Marine with operating rights to the port's container terminal for the next 20 years. SSA Marine will also act as an equity investor for ADC.

The agreement with SSA Marine, which is based in Seattle in the United States, further strengthens US involvement in the Anaklia Port project: SSA Marine joins Conti International, a major US-based developer of infrastructure and capital projects, which is co-leading the ADC together with Georgia-based TBC Holding.

United States Vice President Mike Pence, who is in Tbilisi as part of a visit to the region, hailed the US-Georgia collaboration that is bringing the Anaklia Deep Sea Port to life and building on the growing importance of Georgia to regional and international economic development: “The Anaklia Deep Sea Port shows the potential of a stronger bilateral relationship between our nations. American companies are investing alongside their Georgian counterparts in this multi-billion-dollar project. As we look toward the future, our two nations have untold opportunities to contribute even more to each other’s prosperity.”

Georgian Prime Minister Giorgi Kvirikashvili commented: “Our goal is to create the best platform for US business interests in the region, and the involvement of US companies in large regional infrastructural projects is very important. Together with involvement of the Conti Group in the consortium to develop and construct the deep sea port in Anaklia, we are also glad that an agreement will be signed with leading world class US port operator SSA Marine to operate the container terminal and invest in the most important project in Georgia. This fact once more outlines the increasing interest of US business in Georgia and the huge potential of our country to become a regional hub.”

Mamuka Khazaradze, founder of Anaklia Development Consortium, said: “Along with our American partners, we have been given the opportunity to open Georgia’s gateway to the sea and to mark Anaklia’s place on the world map and convert it into the most crucial logistic hub. The fact that such a powerful American company as SSA Marine is investing in Georgia is itself a strategic and important precedent for our country.”

SSA Marine was chosen and appointed as a container terminal operator for the Anaklia Port due to its significant experience as one of the largest terminal operators in the world. The group oversees more than 250 strategic operations across five continents, servicing 27.2 million containers (TEU) and managing terminals in nine different countries. In addition, SSA Marine handles over 75 million tonnes of dry bulk globally, manages cruise ship operations in Mexico and the United States and operates over 30 intermodal rail ramps for U.S. Class I railroads.

ADC plans to start construction of the deep sea port by the end of this year, with the operational launch of phase 1 scheduled for 2020-2021.

Development of Anaklia City and its Special Economic Zone has also commenced, which will become a focal point for international business and high value-added service industries; they will attract light manufacturing production, as well as service sectors and will be open to global corporations, financial and insurance enterprises. The city, which will be built on green economy principles, will include an industrial park with residential and business complexes, an educational area and office space.

About Anaklia Development Consortium (ADC)

Anaklia Development Consortium is a consortium made up of TBC Holding from Georgia and Conti International from the United States. TBC Holding was founded by Mamuka Khazaradze who also is the Founder and Chairman of TBC Bank JSC, one of the leading commercial banks operating in Georgia. Conti International is a major developer of infrastructure and capital projects. ADC’s leaders are proactive, resourceful entrepreneurs with an exceptional 20-year relationship and a track record of ethical business conduct. ADC has established a framework of preliminary agreements with diverse global players in port and transport infrastructure for Anaklia Port’s long-term success.

Contact information

Media
Anaklia Development Consortium
Rusudan Phanozishvili
+995 599 104043
rphanozishvili@anakliadevelopment.ge

Om Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

(c) 2018 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Følg saker fra Business Wire

Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.

Siste saker fra Business Wire

Tradeshift Announces Q2 2018 Results19.7.2018 11:00Pressemelding

Tradeshift, the leader in supply chain payments and marketplaces, today announced results from the second quarter of 2018, showing significant momentum across the company. Tradeshift’s second quarter growth stats announced today include: YoY new bookings grew 315% YoY gross merchandise volume (GMV) grew 350% Largest deal in the quarter was $18.6M Tradeshift’s customer roster showed remarkable growth this quarter, adding 38 new customers, including several Fortune 500 companies such as one of the world’s leading innovators in materials science, the endurance challenge event leader, and the world’s leading platform for clinical development, commercial and real-world data analytics. “It’s amazing to see our strategy work across all areas of our business,” said Christian Lanng, CEO and co-founder of Tradeshift. “We took a big bet that the industry was ready for innovation, and we’re proud that some of the largest companies in the world are now part of the momentum we’re seeing across every

JPMorgan Chase Bank announces the initial exchange price for the cash-settled exchangeable bonds into Ping An Insurance (Group) Company of China Limited due 202019.7.2018 10:58Pressemelding

NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE U.S. SECURITIES ACT OF 1933) OR IN OR INTO JAPAN, THE PEOPLE’S REPUBLIC OF CHINA, SWITZERLAND OR ANY OTHER JURISDICTION IN WHICH SUCH DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW. Following the placement on 17 July 2018, JPMorgan Chase Bank, N.A. today announces the initial exchange price of the cash-settled exchangeable bonds due 2020 (the “Bonds”) in aggregate principal amount of USD 350 million, referable to H-shares of Ping An Insurance (Group) Company of China Limited (the “Shares”). The initial exchange price of the Bonds has been set at HKD82.1720, representing a 16% premium over the share reference price of HKD70.8379, which was determined in the manner described in the press announcements released on 17 July 2018. Settlement and delivery of the Bonds is expected to take place on 20 July 2018. The Bonds are expected to be rated “Aa3

CORRECTING and REPLACING Connected Objects: a Global Ambition at Total19.7.2018 10:37Pressemelding

Please replace the release dated July 10, 2018 with the following corrected version due to multiple revisions. The corrected release reads: CONNECTED OBJECTS: A GLOBAL AMBITION AT TOTAL Total has joined forces with Sigfox, the world’s leading IoT connectivity service, to deploy a solution designed to optimise rolling stock and help manage trailer fleets. What’s the solution? Created by transporters, for transporters, Where’s my Trailer? is an innovative new way to improve how trailer fleets are used and kept secure. The solution works by installing a box on the trailer, to identify any equipment that is underused or has been lost or stolen. Our partnership The solution was developed by Total Marketing France through its subsidiary Stela and has been in test phase for a year with the company’s transporter customers. “Sigfox technology, together with our proximity to Freight and Logistics, has given us the opportunity to offer a reliable and efficient way of geolocalising rolling stock t

FlipNpik Opens Its Private Sale to Public and Introduces Fiat-Based Payment Gateway19.7.2018 08:00Pressemelding

In an unprecedented move, FlipNpik, the blockchain-powered social media platform for local businesses, democratises its private sale and allows everyone to enjoy the privileges and bonuses traditionally reserved only for the large investors. Known as 'whales', these powerful investors typically enjoy large bonuses during the private sale phase of ICOs (Initial Coin Offerings). FlipNpik now turns this practice on its head by eliminating the large investment required to benefit from the 'whale' bonus, which offers up to 100% bonus of FNP (FlipNpik) tokens to the public, leveling the playing field for small investors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180719005283/en/ Monetize your social media posts by supporting local shops (Graphic: Business Wire) Deploying one of the first fiat-based payment gateways using money transfers to facilitate ICO payments, FlipNpik also allows the larger community who may be new to bu

Pat Johnson Joins UniPrint Team in Europe19.7.2018 07:35Pressemelding

UniPrint.net announced today that Pat Johnson has joined the company to support and develop their EMEA Partner Program, as well as with the promotion of their highly successful Cloud solutions UniPrint Infinity™ and ePRINTit™. Pat brings with him 20 years of experience at Xerox UK where he was instrumental in engaging with software vendors to support Xerox Connectkey products and Xerox Business Partner Channels. In joining UniPrint.net, Pat is well placed to support the continued growth of UniPrint.net EMEA Partners with the UniPrint product portfolio. Pat will hold the new position of MPS Partner & Strategy Manager EMEA, continuing UniPrint’s success in engaging valued business partners towards a modern approach for Software as a Service (SaaS) and Cloud printing solutions. Pat comments: “I am excited to start a new challenge within UniPrint.net and I look forward to working with the EMEA team to further develop their Partner Program. I am fortunate to be joining a respected company w

The Poseidon Foundation: Liverpool Bids to Be First ‘Climate Positive’ City by End of 202019.7.2018 07:34Pressemelding

The Poseidon Foundation (“Poseidon”) have signed a ground-breaking partnership with Liverpool City Council in a bid to make Liverpool the world’s first climate positive city by the end of 2020. The city council has signed an agreement with Poseidon to integrate its ground-breaking blockchain-powered platform into Liverpool’s day to day operations. Poseidon’s technology offsets the carbon impact of any product or service by transparently supporting essential forest conservation projects, allowing individuals, organisations and governments to reverse the impact of climate change every day through their activities. Poseidon will be moving its operations to the city in order to play a key role in Liverpool’s new climate positive strategy, which will be trialled over the next 12 months. Poseidon, who are already working closely with Liverpool company BAC Mono to create the world’ first climate positive car, will work with local schools, universities and businesses to develop educational pro