ING signs USD 50 million JBIC/NEXI export term loan facility with YILPORT Holding A. Ş.

Tokyo, Japan, 28 March 2025 – ING Japan today announced that it has signed a USD 50 million JBIC/NEXI Export Term Loan Facility with YILPORT Holding A. Ş. (YILPORT), a leading global terminal operator and the port business arm of the Yıldırım Group. The facility will be used to finance the procurement of container cranes for YILPORT’s Ecuadoran subsidiary, YILPORT Terminal Operations S.A. (YILPORT Puerto Bolívar). ING acted as Sole Coordinator with the Japan Bank for International Cooperation (JBIC) and Nippon Export and Investment Insurance (NEXI), Facility Agent, and NEXI Agent on the transaction. A signing ceremony was held at the ING Cedar office in Amsterdam on 12 March.

YILPORT, established in August 2011, to consolidate the port and container terminal operations of the Yıldırım Group under one roof, is a multi-purpose port operator with terminals handling container, dry bulk, general, liquid and roll-on/roll-off (ro-ro) cargo. The company currently operates 24 marine ports and seven dry terminals in Türkiye and 11 countries across Europe, Latin America and Africa.

The facility is a Loan Market Association (LMA)-compliant Green Loan that will be used by YILPORT Holding to procure a total of 24 fully electrified cranes from MITSUI E&S Co., Ltd. for use at YILPORT Puerto Bolívar’s container terminal in Puerto Bolívar, Ecuador. The units are expected to contribute to YILPORT Puerto Bolívar’s greenhouse gas (GHG) reduction efforts at the terminal.

This is the second JBIC/NEXI export credit facility that ING has signed with YILPORT to finance the purchase of Japanese-built port cranes following the 29 November 2024 signing of a USD 32 million facility for the procurement of four harbour container cranes for YILPORT’s Portuguese subsidiary, Liscont-Operadores De Contentores, S.A. Those cranes will also be supplied by MITSUI E&S Co. Ltd., with which YILPORT has a long-standing relationship.

James Haines, country manager for ING Japan said: “This transaction reflects ING’s credentials and visibility as one of the most active non-Japanese banks in the Japanese export credit business, reinforcing our reputation as the bank that can support our clients’ global businessexpansion in a sustainable way. To date, SEF has financed projects within the Yıldırım Group with several export credit agency support. Being able to deliver Japanese ECA support to the client’s port business sector is also a perfect example of how the Structured Export Finance team’s global network facilitates our clients’ global business expansion from multiple angles.”