Buyer’s Credit to YILPORT Holding A.Ş. of Türkiye
Supporting Exports of Japanese Company’s Port Container Cranes to Ecuador

• Region: Latin America and the Caribbean
• Infrastructures
• Machinery and Equipment
• Export Loans

1. The Japan Bank for International Cooperation (JBIC; Governor: HAYASHI Nobumitsu) signed on March 12 a buyer's credit (export loan) agreement amounting to up to approximately USD30 million (JBIC portion) with the Turkish company YILPORT Holding A.Ş. (YILPORT). The loan is co-financed with ING Bank N.V., Tokyo Branch, bringing the total co-financing amount to approximately USD50 million. Nippon Export and Investment Insurance (NEXI) will provide the insurance for the loan by the private financial institution.
     
2. The loan is intended to provide the necessary funds, through YILPORT, for YILPORT Terminal Operations S.A. (YILPORT Puerto Bolívar), an Ecuadorian subsidiary of YILPORT, to procure 24 port container cranes from MITSUI E&S Co., Ltd. (MITSUI E&S) for the port of Puerto Bolívar in the Republic of Ecuador^*1.
     
3. As one of the leading global terminal operators, YILPORT aims to further expand its business around the world, including in Türkiye. This loan will support exports by the Japanese company and create business opportunities for it to assist efforts by YILPORT, thereby contributing toward maintaining and strengthening the international competitiveness of Japanese industries.
     
4. JBIC signed a Memorandum of Understanding (MOU) with Mitsui E&S and YILPORT that aims to support port development by using the port container cranes of MITSUI E&S^*2, as YILPORT plans to expand its port operations business in various parts of the world. This loan aligns with the objectives of the MOU.
     
5. In April 2024, JBIC signed an MOU with the U.S. International Development Finance Corporation (DFC)^*3. The loan is a project under the bilateral partnership. DFC has already extended USD150 million to YILPORT Puerto Bolívar to modernize and expand the container port of Puerto Bolívar, which will now include the cranes financed through JBIC’s loan.
     
6. As Japan’s policy-based financial institution, JBIC will continue to provide financial support to assist Japanese companies in the export of machinery and equipment and in the overseas expansion of their businesses by drawing on its various financial facilities and schemes for structuring projects and by performing its risk-assuming function.
     

Note

1. *1 
   The loan follows a similar loan made to Yılport in November 2024.
2. *2 
   See press release on September 4, 2024.
3. *3 
   See press release on April 12, 2024.