Yilport signs Letter of Intent with Gulfport Mississippi

Mississippi State Port Authority and Yilport Holding have executed a letter of intent (LoI) to allow for due diligence and negotiations regarding the potential location of the global terminal operator at the Port of Gulfport.

With the Port of Gulfport nearing completion of the US$570m restoration project, Yilport would commit to investing in additional facility and equipment upgrades.

This would be the Turkish operator’s first terminal investment in North America although its parent company Yildirim Holding currently operates a ferroalloys production and refining facility in Butler, Pennsylvania.