MS port, Yildirim negotiations

Mississippi State Port Authority and Yilport Holding A.S., a subsidiary of Yildirim Group of Companies, have a letter of intent to allow for negotiations for the potential location of the global terminal operator at the Port of Gulfport. The port is nearing completion of a $570M restoration project. Yildirim may consider a commitment to invest in more upgrades, which would mean the firm’s first port terminal in North America. YH currently operates a ferroalloys facility in Pennsylvania. Expanding to the Mississippi Gulf Coast would only further increase YH’s capabilities in North America. Yildirim specializes in energy production, port management and logistics, international trade, industrial construction, and shipbuilding. Its investment portfolio also includes a nearly 25 percent stake in CMA CGM Group, which is the third largest container shipping company in the world. (Source: Maritime Executive 04/08/18)