The document discusses opportunities for investment in China's oil sector, specifically its ports, storage facilities, and other distribution infrastructure. It provides an overview of China's massive oil market and port sector, noting China's growing demand for crude oil imports and plans to further increase oil reserves. The document also shares statistics on China's main oil ports and strategic petroleum reserves, and discusses some focus areas for investment, like the port of Zhoushan. It frames China's oil market as a major opportunity for investors but notes that a new approach engaging local stakeholders is needed.
The document discusses investment opportunities along the Yangtze River in China. The Yangtze is over 6,300 km long and 2,600 km is navigable. It flows through major economic regions of China and carried over 1.3 billion tons of cargo in 2010. The river is divided into the upper, middle, and lower reaches. The lower reach through the Yangtze River Delta region carries about 70% of cargo and has many major ports. The middle reach passes through important provinces and its ports continue to expand. The upper reach impacts Chongqing and neighboring regions. Many types of investors could find opportunities related to ports, infrastructure, and development along the Yangtze River corridor.
Yangtze Ports – China Consortium investment opportunities
We recently launched the China Consortium and are now getting involved in many regions across the country and associated port and other investment opportunities.
One of those are the 6,300km long Yangtze river and the immense economic region it passes on its way from Tibet through to Shanghai, covering an estimated population of 430 million and about a quarter of the Chinese economy.
We wanted to give you the Port Investor community a taste of the many opportunities that lie in this area with a basic presentation of the markets in this region.
For more please go to:
http://www.port-investor.com/yangtze-ports/
The document provides an overview of investment opportunities in ports along the Yangtze River in China. It discusses the three main reaches of the Yangtze - the upper, middle, and lower reaches - and highlights key details about each section, including major ports, throughput, population and economic activity in the surrounding regions, and development trends. The document suggests the opportunities presented by continued growth in cargo volumes and infrastructure improvements along the Yangtze make for strong investment fundamentals.
The document discusses opportunities in China's port sector. China represents an immense share of global container, dry bulk, oil, and liquids markets. There are limited competitors as many ports are dominated by a single port group. Local governments are interested in attracting foreign investment. Negotiated deals are common instead of open tenders, allowing more flexibility. Tapping into the sector requires engaging local stakeholders in a positive way rather than just bringing money. The China Consortium aims to leverage members' combined expertise and relationships to create opportunities in ports, shipping, resources, and related industries. Participation is by formal cooperation to collaborate on specific developments.
This is a simple overview of the China port market and the 30 biggest port markets in China. For more information go to www.port-investor.com or contact us on contact@industreams.com.
This document provides an overview of InduStreams' advisory services for sourcing markets, investors, and partners in China. It summarizes China's large population and economy as well as its significance in global trade and commodity markets. InduStreams advises clients on scoping relevant opportunities and engaging with its network to facilitate deals between asset owners and investors. The process involves identifying potential deals, engaging stakeholders, supporting due diligence and valuation, and closing agreements. InduStreams' value proposition is providing access to its large network of industry and investor contacts to accurately convey opportunities and simplify the process of moving from scoping to closing deals.
The document discusses opportunities for investment in China's oil sector, specifically its ports, storage facilities, and other distribution infrastructure. It provides an overview of China's massive oil market and port sector, noting China's growing demand for crude oil imports and plans to further increase oil reserves. The document also shares statistics on China's main oil ports and strategic petroleum reserves, and discusses some focus areas for investment, like the port of Zhoushan. It frames China's oil market as a major opportunity for investors but notes that a new approach engaging local stakeholders is needed.
The document discusses investment opportunities along the Yangtze River in China. The Yangtze is over 6,300 km long and 2,600 km is navigable. It flows through major economic regions of China and carried over 1.3 billion tons of cargo in 2010. The river is divided into the upper, middle, and lower reaches. The lower reach through the Yangtze River Delta region carries about 70% of cargo and has many major ports. The middle reach passes through important provinces and its ports continue to expand. The upper reach impacts Chongqing and neighboring regions. Many types of investors could find opportunities related to ports, infrastructure, and development along the Yangtze River corridor.
Yangtze Ports – China Consortium investment opportunities
We recently launched the China Consortium and are now getting involved in many regions across the country and associated port and other investment opportunities.
One of those are the 6,300km long Yangtze river and the immense economic region it passes on its way from Tibet through to Shanghai, covering an estimated population of 430 million and about a quarter of the Chinese economy.
We wanted to give you the Port Investor community a taste of the many opportunities that lie in this area with a basic presentation of the markets in this region.
For more please go to:
http://www.port-investor.com/yangtze-ports/
The document provides an overview of investment opportunities in ports along the Yangtze River in China. It discusses the three main reaches of the Yangtze - the upper, middle, and lower reaches - and highlights key details about each section, including major ports, throughput, population and economic activity in the surrounding regions, and development trends. The document suggests the opportunities presented by continued growth in cargo volumes and infrastructure improvements along the Yangtze make for strong investment fundamentals.
The document discusses opportunities in China's port sector. China represents an immense share of global container, dry bulk, oil, and liquids markets. There are limited competitors as many ports are dominated by a single port group. Local governments are interested in attracting foreign investment. Negotiated deals are common instead of open tenders, allowing more flexibility. Tapping into the sector requires engaging local stakeholders in a positive way rather than just bringing money. The China Consortium aims to leverage members' combined expertise and relationships to create opportunities in ports, shipping, resources, and related industries. Participation is by formal cooperation to collaborate on specific developments.
This is a simple overview of the China port market and the 30 biggest port markets in China. For more information go to www.port-investor.com or contact us on contact@industreams.com.
This document provides an overview of InduStreams' advisory services for sourcing markets, investors, and partners in China. It summarizes China's large population and economy as well as its significance in global trade and commodity markets. InduStreams advises clients on scoping relevant opportunities and engaging with its network to facilitate deals between asset owners and investors. The process involves identifying potential deals, engaging stakeholders, supporting due diligence and valuation, and closing agreements. InduStreams' value proposition is providing access to its large network of industry and investor contacts to accurately convey opportunities and simplify the process of moving from scoping to closing deals.
- Executives will be increasingly measured on limiting downside risk and increasing upside potential of investments, rather than just focusing on average or expected returns.
- Performance will be assessed based on three models: the investment model looking at overall project returns, the operating model looking at short-term margins/profits, and the ownership model looking at long-term shareholder returns.
- There is a trend for shareholders to pay more attention to balancing performance across all three models, rather than just focusing on one, due to increased volatility experienced in the financial crisis. Executives will need to demonstrate comprehensive management of risk and return across the investment, operating, and ownership aspects of portfolios.
Este breve documento presenta una introducción a una capacitación sobre nuevas tecnologías y tendencias del mercado, con el propósito de apoyar la vinculación de estudiantes, maestros y profesionistas interesados en seguir aprendiendo y capacitándose en estas áreas. Fue presentado por Jorge Moreno, quien proporciona su correo electrónico para mayor información.
The document repeats the phrase "SHINING D A Y S" multiple times without any other text or context. It focuses solely on this phrase across many lines. The repetition of this phrase without variation or additional information is the essence of the content.
Una sèrie d'articles sobre emprenedors publicada al suplement de Tarragona de La Vanguardia. Setembre 2009-Juny 2010.
A series of articles about entrepreneurs published in the Tarragona supplement of La Vanguardia. September 2009-August 2010.
Mada'in Saleh es un sitio arqueológico en Arabia Saudita que contiene los segundos restos más importantes de la cultura nabatea después de Petra. La antigua ciudad estaba tallada en roca arenisca y albergaba palacios, templos y grandes tumbas de hasta 16 metros de altura. A pesar de ser similar en estilo arquitectónico a Petra y estar mejor conservado, Mada'in Saleh recibe muchos menos visitantes cada año debido a su falta de promoción turística.
Este documento parece ser um conjunto aleatório de letras sem significado aparente. Não é possível extrair informações essenciais ou de alto nível deste texto devido à falta de padrão ou sentido.
The document outlines some agreements for a class including respecting time limits, not using mobile phones or technology, not eating or drinking, and respecting partners. It then lists occupations such as lawyer, actress, customs officer, farmer, builder, and more.
Este documento presenta una tabla de unidades de almacenamiento digitales como bit, byte, kilobyte, megabyte, gigabyte y terabyte. También incluye una lista de nombres de personas y otra tabla que asocia periféricos de computadora como teclado, mouse, impresora y monitor con sistemas operativos como Windows, Linux, Ms Word, Ms Excel y Ms Power Point.
O documento discute os conceitos de concorrência e multi-threading no Android, incluindo como threads, serviços, AsyncTasks e Handlers permitem que aplicativos executem tarefas de forma assíncrona para evitar problemas de desempenho e fornecer uma melhor experiência ao usuário.
O documento apresenta o Core Data, um framework do Objective-C para gerenciamento de dados. O Core Data permite filtrar, ordenar e agrupar dados, validar propriedades automaticamente, rastrear alterações com desfazer/refazer, limitar o tamanho do grafo com faults e manter relacionamentos entre entidades.
Java es un lenguaje de programación orientado a objetos, portable e independiente de la plataforma. Fue desarrollado por Sun Microsystems para solucionar problemas de incompatibilidad entre hardware y software. Java permite crear aplicaciones distribuidas y es robusto, seguro, interpretado, multithread y dinámico.
The documents discuss developing a new strategic decision-making framework that can withstand volatility. It proposes splitting value drivers into market drivers and model drivers to provide stability. A key part of the framework is understanding the full return exposure, including downside and upside, rather than single-point forecasts. It also emphasizes identifying and utilizing options within investment, operating, and ownership models to influence return exposure. Testing potential return outcomes under different scenarios is presented as an important way to apply the framework and understand the impact of strategic decisions.
Post-crisis investing: How global investors employ new modelsInduStreams
All sectors have been hit by the global economic crisis. In this presentation we take a look at infrastructure investors, more specifically sea port investors, to see how the best in the market are changing the way they invest. For more please go to www.port-investor.com.
This document discusses an initiative by Industreams Ltd to explore better ways of working with and gaining value from volatility in port and infrastructure investments. It acknowledges that precise forecasting is limited and payoffs are distributed over a wide range rather than single points. It introduces exploring a "payoff function" approach to understand how business model factors translate market variability into payoff outcomes. A case study demonstrates how understanding this can substantially shift a project's potential payoff distribution through options that limit downside risk and increase upside potential. The goal is to embrace variability and create robustness and upside in asset values through the payoff function.
Through our network we have had much feedback from various constituents including shipping lines, terminal operators, port groups, infrastructure investors and others in the Chinese port markets, on their expectations for the 2013 container port market.
With this brief piece we wish to share some of the main feedback as well as an overview of how the biggest port markets are likely to end up by the end of 2012. For questions or comments please write us on contact@industreams.com.
- Executives will be increasingly measured on limiting downside risk and increasing upside potential of investments, rather than just focusing on average or expected returns.
- Performance will be assessed based on three models: the investment model looking at overall project returns, the operating model looking at short-term margins/profits, and the ownership model looking at long-term shareholder returns.
- There is a trend for shareholders to pay more attention to balancing performance across all three models, rather than just focusing on one, due to increased volatility experienced in the financial crisis. Executives will need to demonstrate comprehensive management of risk and return across the investment, operating, and ownership aspects of portfolios.
Este breve documento presenta una introducción a una capacitación sobre nuevas tecnologías y tendencias del mercado, con el propósito de apoyar la vinculación de estudiantes, maestros y profesionistas interesados en seguir aprendiendo y capacitándose en estas áreas. Fue presentado por Jorge Moreno, quien proporciona su correo electrónico para mayor información.
The document repeats the phrase "SHINING D A Y S" multiple times without any other text or context. It focuses solely on this phrase across many lines. The repetition of this phrase without variation or additional information is the essence of the content.
Una sèrie d'articles sobre emprenedors publicada al suplement de Tarragona de La Vanguardia. Setembre 2009-Juny 2010.
A series of articles about entrepreneurs published in the Tarragona supplement of La Vanguardia. September 2009-August 2010.
Mada'in Saleh es un sitio arqueológico en Arabia Saudita que contiene los segundos restos más importantes de la cultura nabatea después de Petra. La antigua ciudad estaba tallada en roca arenisca y albergaba palacios, templos y grandes tumbas de hasta 16 metros de altura. A pesar de ser similar en estilo arquitectónico a Petra y estar mejor conservado, Mada'in Saleh recibe muchos menos visitantes cada año debido a su falta de promoción turística.
Este documento parece ser um conjunto aleatório de letras sem significado aparente. Não é possível extrair informações essenciais ou de alto nível deste texto devido à falta de padrão ou sentido.
The document outlines some agreements for a class including respecting time limits, not using mobile phones or technology, not eating or drinking, and respecting partners. It then lists occupations such as lawyer, actress, customs officer, farmer, builder, and more.
Este documento presenta una tabla de unidades de almacenamiento digitales como bit, byte, kilobyte, megabyte, gigabyte y terabyte. También incluye una lista de nombres de personas y otra tabla que asocia periféricos de computadora como teclado, mouse, impresora y monitor con sistemas operativos como Windows, Linux, Ms Word, Ms Excel y Ms Power Point.
O documento discute os conceitos de concorrência e multi-threading no Android, incluindo como threads, serviços, AsyncTasks e Handlers permitem que aplicativos executem tarefas de forma assíncrona para evitar problemas de desempenho e fornecer uma melhor experiência ao usuário.
O documento apresenta o Core Data, um framework do Objective-C para gerenciamento de dados. O Core Data permite filtrar, ordenar e agrupar dados, validar propriedades automaticamente, rastrear alterações com desfazer/refazer, limitar o tamanho do grafo com faults e manter relacionamentos entre entidades.
Java es un lenguaje de programación orientado a objetos, portable e independiente de la plataforma. Fue desarrollado por Sun Microsystems para solucionar problemas de incompatibilidad entre hardware y software. Java permite crear aplicaciones distribuidas y es robusto, seguro, interpretado, multithread y dinámico.
The documents discuss developing a new strategic decision-making framework that can withstand volatility. It proposes splitting value drivers into market drivers and model drivers to provide stability. A key part of the framework is understanding the full return exposure, including downside and upside, rather than single-point forecasts. It also emphasizes identifying and utilizing options within investment, operating, and ownership models to influence return exposure. Testing potential return outcomes under different scenarios is presented as an important way to apply the framework and understand the impact of strategic decisions.
Post-crisis investing: How global investors employ new modelsInduStreams
All sectors have been hit by the global economic crisis. In this presentation we take a look at infrastructure investors, more specifically sea port investors, to see how the best in the market are changing the way they invest. For more please go to www.port-investor.com.
This document discusses an initiative by Industreams Ltd to explore better ways of working with and gaining value from volatility in port and infrastructure investments. It acknowledges that precise forecasting is limited and payoffs are distributed over a wide range rather than single points. It introduces exploring a "payoff function" approach to understand how business model factors translate market variability into payoff outcomes. A case study demonstrates how understanding this can substantially shift a project's potential payoff distribution through options that limit downside risk and increase upside potential. The goal is to embrace variability and create robustness and upside in asset values through the payoff function.
Through our network we have had much feedback from various constituents including shipping lines, terminal operators, port groups, infrastructure investors and others in the Chinese port markets, on their expectations for the 2013 container port market.
With this brief piece we wish to share some of the main feedback as well as an overview of how the biggest port markets are likely to end up by the end of 2012. For questions or comments please write us on contact@industreams.com.
Listed ports in China - 266.5bn RMB in assets and set for 50% market coverage. An overview, benchmarks and profiles of China’s 17 listed port group companies. Fore more information contact@industreams.com.
The 30 biggest port markets in China each profiled including an overview of the main market segments and growth drivers. For more information please go to www.port-investor.com or write to us on contact@industreams.com.
This is a simple one-page overview of the Shanghai port market. For more information go to www.port-investor.com or contact us on contact@industreams.com.
This is a simple one-page overview of PYI Corporation and their port activities. For more information go to www.port-investor.com or contact us on contact@industreams.com.
Hong Kong Port saw total market throughput of 277.4 million tonnes and 24.4 million TEU containers in 2011, representing average annual growth rates of 2.5% and 0.3% respectively since 2007. Containerized cargo makes up the largest portion at 75.2% of total throughput, while dry bulk, liquid bulk, and break bulk make up the remaining portions. The Hong Kong Marine Department administrates Hong Kong Port.
This is a simple one page overview of COSCO Pacific and their port activities.. For more information go to www.port-investor.com or contact us on contact@industreams.com.
China Merchants Holdings International (CMHI)InduStreams
China Merchants Holdings International (CMHI) is a Hong Kong-listed ports and logistics operator headquartered in Hong Kong. It operates ports, bonded logistics and cold chain operations, port-related manufacturing, and other businesses. Over half of its revenue comes from ports operations, and it has ownership stakes in the Shanghai International Port Group and Modern Terminals. CMHI has operations primarily in China with a focus on the Bohai Bay, Yangtze River Delta and Pearl River Delta regions, and some operations in other countries in Asia and Africa.
This document discusses private placement infrastructure investment opportunities through InduStreams. It provides an overview of why investors may be interested in these opportunities for high target returns of 10-20% while maintaining limited liability. InduStreams helps connect infrastructure funds seeking investors with potential investors. Examples provided include a general European infrastructure fund focused on stable assets like gas distribution, a sea port fund focused on Latin America and China, and an oil facilities fund focused on growth markets.
InduStreams provides private placement and fundraising services for infrastructure funds. Their process involves first understanding the client's situation and objectives. They then work with the client to develop an engagement agreement and investment proposition. InduStreams will engage with 50-100 potential investors to generate interest, then work to develop deals and close agreements between interested investors and the client fund. They are able to leverage their large network of over 1,000 infrastructure executives, particularly in China and Europe, to connect funds with interested limited partners and strategic investors.
The document discusses an advisory service for sourcing infrastructure investments and partners. It provides examples of assignments helping both investors and owners in the port infrastructure sector in China. The advisory process involves scoping relevant targets based on criteria, shortlisting potential deals, facilitating engagement between parties, and providing support throughout negotiations and closing agreements. Local insights and networks are leveraged to efficiently connect clients with investment and partnership opportunities.
The document discusses sourcing investments and strategic partners for infrastructure projects. It outlines that there is a large need for infrastructure investments in Asia and globally, as well as many project owners and asset owners seeking partners. The company has built a network and processes to connect these groups and facilitate deals between them. They can identify suitable investment opportunities and partners, enter agreements to conduct searches, and help secure deals between owners and investors.
This document discusses sourcing investors and strategic partners for infrastructure projects. It explains that InduStreams has a large network of investors, operators, and cargo owners as well as insight into both industries. InduStreams can identify the most relevant investors and executives for a project, introduce the proposition, and facilitate securing an agreement, typically through a three step process of understanding needs, engagement, and finding 3-5 high relevance investors or partners.
- InduStreams helps identify relevant investors and strategic partners for infrastructure, port, and asset owners seeking funding.
- They have a large network of global investors, operators, and cargo owners as well as insight into the industries and communities.
- Their process involves understanding the client's situation/needs, engaging them through an agreement, and fast-tracking to find 3-5 high relevance investors/partners.
InduStreams was established to connect investors and infrastructure project owners. It operates a 3-sided marketplace platform connecting owners, investors, and associates. Initial services focus on sourcing investments for investors and strategic partners for owners. Associates include executives with industry experience who are compensated based on facilitating deals. The goal is to leverage the network and expertise to create opportunities for infrastructure development.
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...Donc Test
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting, 8th Canadian Edition by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Ebook Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Pdf Solution Manual For Financial Accounting 8th Canadian Edition Pdf Download Stuvia Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Financial Accounting 8th Canadian Edition Ebook Download Stuvia Financial Accounting 8th Canadian Edition Pdf Financial Accounting 8th Canadian Edition Pdf Download Stuvia
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdfshruti1menon2
NIM is calculated as the difference between interest income earned and interest expenses paid, divided by interest-earning assets.
Importance: NIM serves as a critical measure of a financial institution's profitability and operational efficiency. It reflects how effectively the institution is utilizing its interest-earning assets to generate income while managing interest costs.
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Understanding how timely GST payments influence a lender's decision to approve loans, this topic explores the correlation between GST compliance and creditworthiness. It highlights how consistent GST payments can enhance a business's financial credibility, potentially leading to higher chances of loan approval.
1. 2012 European Sea Ports Conference on
PORT FINANCING AND INVESTMENS
‘tapping the global investment sector’
John P.M. Verschelden Connecting investors with port
infrastructure markets
ESPO-SOPOS, May 2012 www.port-investor.com contact@port-investor.com
2. InduStreams & Port Investor
Port Investor is an activity of Hong Kong based InduStreams Limited
The Mission
InduStreams’ mission is to create a more transparent, connected
and informed infrastructure market place
Port Investor was launched as a specific sector pilot with focus on
port infrastructure investing and the global port industry
The Vision
UNLEASH the full potential of each port group and market
CONNECT all important port markets with investors and
industry players
EMPOWER the market by creating new ways and models for
investors and ports to come together
ESPO-SOPOS, May 2012 www.port-investor.com contact@port-investor.com
3. Magnitude and appetite
$100+ trillion in the funds
management sector
big appetite for increased allocation
to infrastructure investments
pension and insurance funds alone
may quadruple their infrastructure
holdings
no lack of cash in the funds sector
public debt in EU and budget deficits
push private financing
ESPO-SOPOS, May 2012 www.port-investor.com contact@port-investor.com
4. Magnitude and appetite (2)
More than $100 trillion just in the funds management sector alone (globally
much more when industrials, operators, developers, governments etc. are
included).
There is big appetite for increased allocation to infrastructure investments not
least given the volatile stock and bonds markets.
Pension and insurance funds alone may be looking to quadruple their
infrastructure holdings (and they combined control more than 50% of the
global funds under management).
There is no lack of funds and with the public debt situation in most EU
countries and many others the need for private financing is maybe at the
highest it has been for the last several decades.
ESPO-SOPOS, May 2012 www.port-investor.com contact@port-investor.com
5. Investor diversity
OPERATORS INVESTMENT FUNDS AND PRIVATE EQUITY
Bulk Financial investor Container terminal Macquarie Infrastructure Group
Oil and liquid terminal Brookfield Infrastructure Partners
Container Bulk terminal JP Morgan Infrastructure Fund
$10+ million Operator Free/logistic/property zones Citi Capital Advisors
DEVELOPERS SOVEREIGN FUNDS
Greenfield Brownfield
Construction Abu Dhabi Investment Authority
Marine infrastructure China Investment Corporation
Developer Majority Economic zones Government of Singapore Investment Corporation
Port industry/logistic zones Malaysia Mining Corporation
Acquisition Oil & Liquid
CARGO OWNERS PENSION AND INSURANCE FUNDS
Container shipping Ping An (2nd biggest Chinese insurance fund)
Logistic Zone $100+ million Oil shipping, Bulk shipping Ontario Teachers Pension Fund
Mineral companies ATP (biggest Danish fund)
Energy companies APG (biggest Dutch fund, 3rd biggest globally)
Agriculture companies
Seed investor Free Zone
DEVELOPMENT BANKS AND INSTITUTIONS
PARTNERS World Bank and IMF
Minority $1+ billion South American, Asian, EU related development banks and funds
Middle Eastern port groups IFU and other niche banks
ESPO-SOPOS, May 2012 www.port-investor.com contact@port-investor.com
6. Investor diversity (2)
The investor space and its many constituents is much wider and varied than
most think. They vary greatly in their investment objectives, preferences, size
etc. From big institutional investment funds with more than $100 billion to small
operators and funds with less than $50 million to invest.
The diversity in the target investment size, investment stage, investment
horizon, target shareholding and investor role, proposition to project owners
etc is vast.
On the one extreme you have very short term focused funds often with high
return requirements (15-20%) and on the other you have very long term
focused e.g. pension funds with fairly low return requirements (5-10%), each
seeking to invest in their own part of the value creation chain (refer later slide).
The great diversity among investors, their preference and propositions to
owners offers great potential to develop, fund and operate most projects with
reasonable commercial foundation.
ESPO-SOPOS, May 2012 www.port-investor.com contact@port-investor.com
7. The value creation chain
Creating the product Scaling the
Expand
– from greenfield to investment – from low
operation to high yield
Seed Implement Grow Mature Transform
Seeding the investment - from Creating the market -
idea, opportunity or need to building the top line and Divest
attractive proposition foundation for efficiencies
Continued value
creation…
ESPO-SOPOS, May 2012 www.port-investor.com contact@port-investor.com
8. The value creation chain (2)
The diversity in preference across the chain (not only in investment types)
gives further opportunities to make new developments viable and free up
capital.
PE’s and operators typically have interest in the implementation/development
and growth stage whereas institutional investors (including pension funds)
have more interest in the mature stage. The seed stage is a significant
challenge for most, often requiring several parties to come together or for
someone to play the seed investor role which however is uncommon in the
port sector.
In most cases there are better owners out there allowing parties to either free
up their capital for other developments or bring down debts or commitments.
An example of a chain with changes in ownership could be a PE together with
say a developer doing the seed investing, an operator doing the actual
development and growth phases and a pension fund acquiring the asset once
it reaches a more mature stage.
ESPO-SOPOS, May 2012 www.port-investor.com contact@port-investor.com
9. World views
Port Executive Investment Banker
ESPO-SOPOS, May 2012 www.port-investor.com contact@port-investor.com
10. World views (2)
Perhaps the greatest challenge in tapping The Port Executive CV
into the potential that lies in between the
global investor community and the 30 years in transportation and port
infrastructure sector is the chasm that related sectors
Deep and practical industry and
exists between the people on each side.
management experience
Massive industry executive network
A good example would be the port (often however local)
executive on the one side and an
investment banker on the other. The Investment Banker CV
Each come with completely different MBA from top business school and
backgrounds, look at value creation from fast paced investment banking
career
different perspectives and operate in
Deal and investment execution
entirely different circles. experience across many sectors
Strong network within the financial
Very fundamentally we need to bridge this “eco-system”
chasm to create stronger engagement
between the two sectors.
ESPO-SOPOS, May 2012 www.port-investor.com contact@port-investor.com
12. Early engagement (2)
Back in the day when the Ford T was a hit it was a very different economic
reality. They designed and made one model for the entire market. Today of
course none of us would buy a Ford T, we have very specific tastes when it
comes to buying a car and none of the major car companies would dream of
designing and making a new model without asking the consumer.
Infrastructure is only viable if it has two happy users. The one of course is the
physical user, the shipping line, the terminal operator, the logistics company
etc. The other is the investor. And whereas the magnitude, appetite and
diversity with investors is great, they are also becoming increasingly
demanding on what they place their money in (infrastructure no longer has a
“safe” label on it).
Engaging the investor community early is free and can often contribute to
further options and solutions than was originally conceived. Not doing so has
had consequences – failed projects and years of delay. But doing it effectively
is key.
ESPO-SOPOS, May 2012 www.port-investor.com contact@port-investor.com
14. Collaborative models (2)
Technology (not least the internet) is allowing business collaboration to take place in
a completely different way than was possible just a decade ago and are today widely
recognized as the critical component in facing the challenges of tomorrow – whether
that is environmental, personal health or something as basic as getting the right
infrastructure in place.
It is however not the technology itself that is important, that is just a lever. It is the
massive communities out there with expert knowledge and networks to decision
makers in hundreds of different fields and sectors that have the potential we need to
un-tap, such as the port executive in Ghent and the investment banker in Hong
Kong.
The port challenge as we see it is that each port have an amazing depth of
knowledge and local community but little engagement with the global investor
community.
There are hundreds of collaborative models out there (as basic as forming consortia
across phases and investor types). Some are creating online platforms - we think
much of the solution lies in the knowledge and capabilities of industry executives
and experts.
ESPO-SOPOS, May 2012 www.port-investor.com contact@port-investor.com
15. Messages from Asia
Some quotes recently picked up:
“ We fear authorization and approval procedures are complicated and difficult for
a Chinese company to invest in Europe. We are not sure how to proceed and
hesitant to spend resources.”
“ I’m not sure we are welcome. Are European projects not mainly for European
investors, developers and operators?”
“ We have a strong name in China but fear that in Europe our competencies and
contributions as a company will not be valued in the same way as it is in China.”
“ We would like to partner with a European port, but don’t know who to engage.”
“ Going international, including investing in Europe, is part of our long term vision,
however on we see very few real opportunities to invest.”
ESPO-SOPOS, May 2012 www.port-investor.com contact@port-investor.com
16. And what is Europe’s reality today…?
Long term limitations on public funding due to budget constraints and the
need to bring down public debt
Need to stimulate Europe’s economy with new initiatives and new
investments for economic growth and reduction of unemployment
A changed appetite and (often) ability with traditional parties like banks to
fund port infrastructure projects
How to break the deadlock?
To create a more transparent, connected and informed ports
infrastructure market place (InduStreams’ vision)
16
ESPO-SOPOS, May 2012 www.port-investor.com contact@port-investor.com
17. APPENDIX
INVESTOR PROFILE EXAMPLES
ESPO-SOPOS, May 2012 www.port-investor.com contact@port-investor.com
18. Pension fund example
Objective Pension and insurance funds typically invest to secure long term stable returns (e.g. 5-10%).
Typical investment size Typically look to invest $100-200 million as minimum per investment for their own share and
therefore total investment size target often above $500 million.
Role and shareholding target Often limited to that of a “financial” investor and thus typically looking only to take a minority
position and for many are not allowed to have the main managing role.
Investment stage and In general look for acquisition opportunities ore constellations whereby they mitigate
holding period development and commercial risk and look to hold assets for long periods (30+ years).
Emerging trends include pension funds seeking to take ownership along side entire port
owners (land lords) as that further diversifies their risk across more assets.
Proposition to asset/project Primarily bring lower cost of capital to the table (can live with lower returns) but also
owners sometimes specific capabilities and global brand.
ESPO-SOPOS, May 2012 www.port-investor.com contact@port-investor.com
19. Operator example
Objectives Operators and some developers typically seek to grow their portfolio as primary objective and
require medium to high returns (e.g 10-15%).
Typical investment size Most investment sizes are relevant ranging all the way from $10-20 million to above $1 billion
(although in latter case it might only be a few in the industry that would want to do that alone).
Role and shareholding Most operators would like majority and management and an operational role often a must have.
target
Investment stage and Do green fields as well as acquisitions often without any specific holding strategy, but most tend
holding period to just “hold on” once they secure an investment.
Proposition to asset/project Operators typically bring significant know-how and skill and sometimes actual business to their
owners projects.
ESPO-SOPOS, May 2012 www.port-investor.com contact@port-investor.com
20. Private equity fund example
Objectives Private equity and many PE type infrastructure funds invest on behalf of other funds (e.g.
institutional funds such as pension fund) and look to achieve strong returns over a shorter
period (e.g. 15-20%), but are typically also willing to take on greater risk.
Typical investment size As with operators PE’s invest in small, medium as well as very large scale investments
(substantial diversity).
Role and shareholding Many PE’s are looking to take majority but for most however minority is also an option. Some of
target the more sector specific ones would look to have a strong operational role as well whereas
others would not have operational capability or interest.
Investment stage and Most constellations and stages are relevant for PE’s, but acquisitions are gaining popularity. PE’s
holding period and similar funds often look to hold the asset for 8-10 years.
Proposition to asset/project Very mixed value proposition depending on the fund in question but do have the benefit of
owners being very focused (once they raise a fund the money has to be spent over a short time period
or the clients will withdraw the funds again) and thus tend to work effectively and with urgency.
ESPO-SOPOS, May 2012 www.port-investor.com contact@port-investor.com
21. Sovereign wealth fund example
Objectives Sovereign wealth funds and other government type funds have many different agendas but of
course mostly to further the interests of the nation they have been mandated by. Consequently
they also operate on a very wide return range (0-20%).
.
Typical investment size Work almost exclusively with larger scale investments, most in excess of $500 million and often
more than $1 billion.
Role and shareholding Almost exclusively look for a financial stake but may well want extensive influence.
target
Investment stage and Green fields and brown fields are both scope, however projects typically need to be among key
holding period projects nationally or within the region.
Proposition to asset/project Given the government leverage and wide return spectrum SWF’s can come with many different
owners kinds of propositions and sometimes fit where no others are relevant.
ESPO-SOPOS, May 2012 www.port-investor.com contact@port-investor.com
22. More profiles and info…
…is available - feel free to contact us on contact@port-investor.com
ESPO-SOPOS, May 2012 www.port-investor.com contact@port-investor.com
23. APPENDIX
INDUSTREAMS AND PORT INVESTOR
ESPO-SOPOS, May 2012 www.port-investor.com contact@port-investor.com
24. History
InduStreams was founded in 2011 with a mission to create
a more transparent, connected and informed
infrastructure market place.
We launched Port Investor in July 2011, a specific sector
pilot with focus on port investing and the global port
industry.
ESPO-SOPOS, May 2012 www.port-investor.com contact@port-investor.com
25. The vision
UNLEASH
The full potential of each port group and market. There is more
than $1 trillion in unrealized investment potential. We want to
enable an explosion in investment activity.
CONNECT
All important port markets with investors and industry players.
Together, there are more than 5,000 globally.
EMPOWER
The market by creating new ways and models for investors and
ports to come together
ESPO-SOPOS, May 2012 www.port-investor.com contact@port-investor.com
26. Status - InduStreams
InduStreams
ultimate scope
Infrastructure spans the entire
infrastructure sector
and beyond. With
Port Investor we
have a strong base
in the infrastructure
sector and are
already now
branching into other
transportation
segments such as
Port Other Energy & Social airports, social
Etc.
Infrastructure Transportation Renewables Infrastructure infrastructure and
energy and
renewables related.
ESPO-SOPOS, May 2012 www.port-investor.com contact@port-investor.com
27. Status – Port Investor
200+ port groups and 1,000+ investors and executives in the
community and increasing
China Port Investor and other regions are being launched
Port-Investor.com launched
Port Investor LinkedIn group launched (400+ members)
Representatives for Asia, Europe, Latin America and Africa in
place already
ESPO-SOPOS, May 2012 www.port-investor.com contact@port-investor.com
28. Global engagements
For ports we primarily collaborate
with three sides 1) port groups 2) 25+ ENGAGEMENTS WORDLWIDE
project and asset owners and 3)
investors
Investors engage us to find
investments that fit their specific
requirements
Project owners engage us to solicit
investors or consortia of investors
Port groups engage us to reach out
to the wider investor community to
fast track infrastructure
developments and seek collaborative
solutions
ESPO-SOPOS, May 2012 www.port-investor.com contact@port-investor.com