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MSC to invest $250M in Freeport Container Port expansion – video

The Mediterranean Shipping Company is set to invest $250 million into the Freeport Container Port, creating 600 direct and indirect jobs, according to MSC officials. Watch a news report here. 

Source:
Date:
Updated:
ZNS News
Monday, June 29, 2015
Monday, June 29, 2015

Continue to see videoThe Mediterranean Shipping Company is set to invest $250 million into the Freeport Container Port, creating 600 direct and indirect jobs, according to MSC officials.

The Ministry of Tourism is rolling out summer promotional campaigns in European cities in an effort to capture a slice of the market in that region. Watch an interview with director of European markets at the MOT Anthony Stuart.

Sarkis Izmirlian, chairman and chief executive officer of Baha Mar Ltd, the developer of the Baha Mar resort, the company and entities associated with it, are voluntarily undertaking the process of Chapter 11 under the US Bankruptcy Code. Under the code, Izmirlian has agreed to arrange the funding for the debtor-in-possession (DIP) financing facility. This financing will enable Baha Mar to operate and meet its financial obligations in the interim during the Chapter 11 process. Specifically, the total DIP facility is up to $80 million of which up to $30 million will be utilized by Baha Mar over the next 30 days.

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