The build out of the port has substantially progressed and is now capable of supporting operations from both contracted and pipeline customers. The first vessel was received and they gained Customs approval from the Ministry of Finance. Additionally, they secured a 20-year lease extension (taking its maturity to 2059) and an option to double the size of the originally proposed port. Despite this progress, delays to receiving customs approval have pushed back the expected start date of operations ....
11 Jun 2019
Cenkos: Mercantile Ports & Logistics Ltd - Material Progression
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Cenkos: Mercantile Ports & Logistics Ltd - Material Progression
Mercantile Ports & Logistics Limited (MPL:LON) | 1.8 0 0.0% | Mkt Cap: 6.41m
- Published:
11 Jun 2019 -
Author:
Peter Renton -
Pages:
9
The build out of the port has substantially progressed and is now capable of supporting operations from both contracted and pipeline customers. The first vessel was received and they gained Customs approval from the Ministry of Finance. Additionally, they secured a 20-year lease extension (taking its maturity to 2059) and an option to double the size of the originally proposed port. Despite this progress, delays to receiving customs approval have pushed back the expected start date of operations ....