Memorandum of Understanding among Yilport, JBIC and MITSUI E&S

MITSUI E&S Co., Ltd. (Headquarters: Chuo-ku, Tokyo; President and CEO: Takeyuki Takahashi; hereinafter "MITSUI E&S"), together with Yilport Holding A.Ş. (Headquarters: Turkey; Chairman: Robert Yuksel Yildirim, hereinafter "Yilport") and Japan Bank for International Cooperation (Headquarters: Chiyoda-ku, Tokyo; Governor: Nobumitsu Hayashi; hereinafter "JBIC") have executed a Memorandum of Understanding (hereinafter "MOU") in order to have further cooperation for Yilport to expand their container terminal business throughout the world.

The MOU is intended to facilitate further discussion to enhance Yilport's container terminal business hereafter by procuring container cranes to be manufactured by MITSUI E&S and by making extensive use of the financial supports to be provided by JBIC, amid Yilport's continued efforts to develop their worldwide business including Central/South America as well as Africa, as one of the largest Global Terminal Operators.

MITSUI E&S is the crane supplier who manufactured and delivered the first container cranes in 2007 to Gebze Port in Turkey which is Yilport's first container terminal to operate, then MITSUI E&S has continuously supported Yilport's global business development by making and delivering 93 container cranes to 5 Yilport's container terminals, not only to Gebze Port and Gemlik Port in Turkey but also other terminals in Sweden, Portugal and Ecuador. Furthermore, the buyer's credit loan was granted by JBIC for container cranes delivered by MITSUI E&S to Gebze Port in 2015.

MITSUI E&S will keep making further contributions to Yilport's Global Terminal Operator business growth in the world and expanding its port equipment business in the global market by making maximum use of the financial supports to be provided by Japanese financial institutions.

Contact details for this Press Release:
For inquiries regarding products and technologies:
Sales Department, Logistics Systems Division
TEL　+81-3-3544-3904

For media inquiries:
Internal Control Section, Corporate Planning Development
TEL　+81-3-3544-3147