APM Terminals to inject USD 1 bn into India’s ports: Maersk subsidiary APM Terminals has inked an MoU with India’s Andhra Pradesh Maritime Board to invest USD 1 bn into modernizing the country’s ports and terminals — with plans to establish a joint working committee for the project by 3Q 2025, according to a statement released on Friday. APM will provide expertise on development plans, infrastructure design, and sustainable port operations through the use of low-emission tech and energy-efficient cargo handling systems.

REMEMBER- APM Terminals already operates two ports in India, including Amreli District’s Gujarat Pipavav private port and Gateway Terminals India at Maharashtra JNPA Port.

APM has footprints in the region: Oman’s APM Terminals-operated Salalah Port completed a USD 300 mn expansion project in February — growing the port’s container capacity to 6.5 mn TEUs, upgrading all six berths, and expanding the port’s yard. The Maersk subsidiary also inked a letter of intent with Bahrain to upgrade infrastructure at the APM Terminals-operated Khalifa bin Salman Port.

Blackstone has raised the debt facility of Aligned Data Centers — in which the UAE’s Mubadala has a minoritystake — to more than USD 1 bn, Bloomberg reported last week. The alternative investment outfit is providing senior secured debt to support Aligned’s data center build-out — expected to add an extra 5 GW of data center capacity across its operations in North and South America. Blackstone’s move follows a USD 600 mn investment it deployed last March to back an 80 MW project in the US.

Tags: