Press releases

  • APM Terminals Mumbai Pursuing ‘Direct Port Deliveries (DPD)’ Service for import Customers, Service users triple at India’s busiest container terminal

    Mumbai, India - APM Terminals Mumbai, India’s busiest container terminal, has embraced ‘Direct Port Delivery’ service initiated by the Indian government as part of its “Ease of Doing Business Program” to enhance India’s access to the global logistics chain. The streamlined Direct Port Delivery protocol can result in substantial savings of time and money for importers by reducing container dwell times after vessel discharge.

    In the past, import containers were sent to Container Freight Stations (CFS) 1-1.5 days after arriving by vessel. Next, depending on the completion of import procedures and clearances with shipping lines, custom house agents, Customs, consignees and CFS operators, the cargo was then delivered to the end user after an average dwell time of 9- 10 days. With DPD, importers can bypass these through a streamlined procedure, allowing import containers to be delivered to the end user directly from the port with an average dwell time of only 1.5 days.

    APM Terminals Mumbai currently handles the highest Direct Port Delivery volumes at the Jawaharlal Nehru Port, (JNP) India’s largest container port, and among the Top 30 worldwide with a 2015 throughput of 4.48 million TEUs. In the first two quarters of FY 2016-17, the number of Indian importers utilising the pro-active, customer-centered service at APM Terminals Mumbai tripled, with half of these being small and medium enterprises with less than 100 TEUs per month.

    “We are committed to support ‘ease of doing business’ initiative the Government of India has championed. We were among the first terminal operators in India to offer Direct Port Delivery service in 2006 and since then have continued to support the reforms and initiatives of the Indian Ministry of Shipping and JNP, as well as the Jawaharlal Nehru Customs House,” stated APM Terminals Mumbai CEO Kamal Jain.

    “We have introduced several trade-friendly services ourselves as well to improve ease of doing business. This includes initiatives such as Paperless Transaction, delivery of import cargo within six hours of vessel discharge, RFID tracking, Inter-terminal transfer through virtual gates, integrated rail sidings and improved gate turnaround times. We are working closely with customers to introduce other new services as well,” added APM Terminals Mumbai COO, Ravi Gaitonde.

    To enable greater efficiencies in the overall transportation and logistics supply chain, the Indian Central Board of Excise and Customs, merged the ‘Accredited Client Program’ with the recently introduced ‘Authorized Economic Operator’ program. This resulted into extension of the DPD service to small and medium scale importers, who account for a significant portion of India’s world-leading GDP growth of 7.6% in 2016.

    Containerized trade has expanded at a compound annual growth rate of approximately 10% percent over the past ten years in India, and is projected to continue growing at a similar pace as India undertakes infrastructure expansion projects. Jawaharlal Nehru Port, serving Mumbai, is India’s busiest container port, accounting for 44% of all India’s containerized cargo traffic of 10 million TEUs in 2015. APM Terminals Mumbai’s 2015 container throughput was 1.9 million TEUs.


    About APM Terminals Mumbai
    APM Terminals Mumbai, is part of the APM Terminals global terminal network, and is a joint venture between APM Terminals and the Container Corporation of India (CONCOR), operating from Nhava Sheva’s Jawaharlal Nehru Port (JNPT) and represents India’s largest container terminal.

    Media contact
    Avinash Kachroo, Assistant General Manager – Business Strategy
    APM Terminals Mumbai
    Mumbai, India
    Avinash.Kachroo@apmterminals.com

    +91 22 6681 1278

    Tom Boyd, Head of External Communications
    APM Terminals
    The Hague, Netherlands
    Thomas.H.Boyd@apmterminals.com

    +31 70 304 2181
    January 05 2017 Read more
  • APM Terminals partners with AIP Foundation to promote road safety in Vietnam, APM Terminals sponsored research to be used to educate road users and pedestrians in the community around Cai Mep International Terminal

    1,000 safety helmets donated to local children
      
    15 December, 2016 – Tan Thanh, Ba Ria-Vung Tau Province, Vietnam - 
    APM Terminals together with AIP Foundation, a road safety nonprofit, is rolling out a new training program in Vietnam to help make the port community of Cai Mep in southern Vietnam safe. More than 45 truck drivers and other CMIT employees, along with executives from the APM Terminals’ operated Cai Mep International Terminal (CMIT), joined 500 students, teachers, and parents at Tran Quoc Toan Primary School, which neighbors the port, to address road safety issues in their community. The truck drivers work for CMIT, a subsidiary of the Netherlands-based port operator APM Terminals. The event is the inaugural activity for Lifting Safety, a proactive road safety program developed by AIP Foundation and APM Terminals. It will provide nearly 1,000 helmets and road safety education classes to children at Tran Quoc Toan and Toc Tien primary schools.

    A study commissioned by APM Terminals and conducted by AIP Foundation in October 2016 found that even though most students in the region commuted to school by motorcycle, only 35% of students at Tran Quoc Toan Primary School and 19% of students at Toc Tien Primary School wore helmets, despite road dangers such as mixed vehicle use roads and lack of separate motorcycle lanes. 

    The Lifting Safety program aims to identify and mitigate road safety risks in the community near the APM Terminals-operated port through a combination of targeted education, awareness, and community engagement programs. Both the national- and provincial-level traffic safety committees have worked closely with APM Terminals and AIP Foundation in developing and implementing the program. 

    “We wanted to use our expertise and connect with the people of the community to share our safety learnings and make their lives safer. Our research data revealed just how hazardous the local roads in the community are. Partnering with AIP Foundation and local government authorities enabled us to reach a broader audience,” stated Kevin Furniss, Vice President of APM Terminals Health, Safety and Environment. “We are enthusiastic about the prospect of implementing this evidence-based program to other port locations to help us build meaningful safety relationships with the communities we operate in. AIP Foundation is clearly a specialist in road safety in Asia and our longstanding partnership dates back to 2008.”

    “We appreciate APM Terminals’ being the catalyst for the Lifting Safety program to care for our people and are encouraged by the actions and behavior changes this program will prompt,” Mr.Vu Quy Phi, Deputy Director of the Traffic Police Department and Deputy Chief Secretariat of National Traffic Safety Committee, said.  "Proactive participation from the local government and authorities in Tan Thanh District is the prerequisite for the initiative’s success. We also hope to expand this model beyond this partnership by replicating it at other ports in the Ba Ria-Vung Tau Province.”

    “We are already impressed by APM Terminals’ commitment to safety and in-depth industry expertise,” Mirjam Sidik, CEO of AIP Foundation, said. “As Lifting Safety progresses, we hope to continue to bring communities together by fostering dialogues between public- and private-sector stakeholders.”

    “Acting as a road safety ambassador gives me the opportunity to share my experiences with some of the youngest and most vulnerable road users in the communities I work in,” Le Quang Thien, a truck driver, said. “I also hope this will help me better understand how the students and teachers at these schools feel on the roads.”

    Over the next year, Lifting Safety will implement truck driver trainings, a mass media awareness campaign, and community-based activities in and around the CMIT port in Vietnam.

    ###
     
    About AIP Foundation
    AIP Foundation is a nonprofit organization dedicated to preventing road injuries and fatalities in low- and middle-income countries. Since 1999, AIP Foundation has been delivering effective road safety programs in locations across Asia and Africa. To find out more, visit www.aip-foundation.org or connect with us on Twitter @AIPFoundation.

    About APM Terminals
    APM Terminals is a leading global port operator with a presence in 69 countries with 72 container terminals and 140 inland services facilities providing the world’s most geographically balanced global terminal network. Based in The Hague, Netherlands, APM Terminals works with shipping lines, importers/exporters, governments, business leaders and the entire global supply chain to provide solutions that help nations achieve their ambitions and businesses reach their performance goals. Visit www.apmterminals.com to find out more. 

    Media contacts:
    Frances Massing, AIP Foundation Communications Manager
    18bis/19 Nguyen Thi Minh Khai St., District 1, Ho Chi Minh City, Vietnam
    frances.massing@aipf-vietnam.org   
    Tel: 08-6299-1409 Ext. 117

    Tom Boyd, Head of External Communications
    APM Terminals, The Hague, Netherlands
    Thomas.H.Boyd@apmterminals.com
    +31 70 304 2181
    December 15 2016 Read more
  • APM Terminals to divest UK-based Pentalver Transport Limited, Southampton, United Kingdom - APM Terminals has entered into an agreement to divest Pentalver, the UK-based provider of container transport (trucking & haulage) and other container related services, to Genesee & Wyoming Inc. (G&W) (NYSE:GWR) – a United States-based, global operator of short line and regional railroads and the parent company of Freightliner, the largest transporter and inland rail terminal operator for the movement of deep sea maritime containers in the UK. The purchase price is GBP £87 million (or approximately USD $110 million at current exchange rates), subject to final working capital and other closing adjustments. The transaction is subject to customary closing conditions, including competition clearances and the finalization of certain lease agreements, which are expected in the first quarter of 2017. 

    Joe Nicklaus Nielsen, APM Terminals Vice President and Head of Port Investments said “This divestment is in line with APM Terminals’ strategy to develop and optimize our portfolio of businesses. Pentalver is a successful business, and we are pleased to have found a new strong owner in Genesee & Wyoming. Together with existing management and the around 600 dedicated employees of Pentalver, Genesee & Wyoming is an excellent new owner that will provide the right platform for customers going forward.”

    Jack Hellmann, President and Chief Executive Officer of G&W, commented, “The acquisition of Pentalver is an excellent strategic fit with our existing intermodal offering in the U.K. With the advent of larger container ships and the growth of distribution centers in the Midlands and throughout the U.K., our maritime intermodal customers are seeking greater service optionality, which includes not only rail and road transportation but also the ability to store, maintain and position containers.”

    About Pentalver
    Pentalver has been part of the A.P. Moller-Maersk Group since acquired in 1995. Pentalver offers container transport (trucking and haulage), specialist transport, loaded & empty container storage and inland container logistics solutions within five strategically placed UK facilities that combined handle over one million TEU of containers each year. This includes repair facilities, 24/7 refrigeration service and a fleet of over 200 trucks. The company has grown over 30 years to become a leading one stop shop to the UK logistics industry and also offers nationwide depot services and the sale of new & used shipping and refrigerated containers, including customization. https://www.pentalver.com

    About APM Terminals
    Pentalver is owned by APM Terminals – a leading global port operator with a presence in 69 countries with 72 container terminals and 140 inland services facilities providing the world’s most geographically balanced global terminal network. Based in The Hague, Netherlands, APM Terminals works with shipping lines, importers/exporters, governments, business leaders and the entire global supply chain to provide solutions that help nations achieve their ambitions and businesses reach their performance goals.
    https://www.apmterminals.com

    About G&W
    Genesee & Wyoming owns or leases 122 freight railroads worldwide that are organized in 10 operating regions with approximately 7,300 employees and more than 2,800 customers.*

    • G&W’s eight North American regions serve 41 U.S. states and four Canadian provinces and include 115 short line and regional freight railroads with more than 13,000 trackmiles.*

    • G&W’s Australia Region provides rail freight services in New South Wales, including in the Hunter Valley coal supply chain, and in the Northern Territory and South Australia, including operating the 1,400-mile Tarcoola-to-Darwin rail line. The Australia Region is 51% owned by G&W and 49% owned by a consortium of funds and clients managed by Macquarie Infrastructure and Real Assets.

    • G&W’s U.K./Europe Region is led by Freightliner, the U.K.’s largest rail maritime intermodal operator and second-largest rail freight company. Operations also include heavy-haul in Poland and Germany and cross-border intermodal services connecting Northern European seaports with key industrial regions throughout the continent.
    G&W subsidiaries provide rail service at more than 40 major ports in North America, Australia and Europe and perform contract coal loading and railcar switching for industrial customers. https://gwrr.com/

    *This information includes G&W’s acquisition of the Providence and Worcester Railroad,
    which is subject to pending U.S. Surface Transportation Board approval.

    Media contacts
    Tom Boyd, Director, External Communications
    APM Terminals, The Hague, Netherlands
    Thomas.H.Boyd@apmterminals.com
    +31 70 304 2181

    Michael Williams, Corporate Communications
    G&W, Darien, Connecticut
    mwilliams@gwrr.com
    1-203-202-8900
    December 13 2016 Read more
  • Automated cranes to add productivity and capacity to Africa’s most innovative port, Equipment will enable increased productivity and servicing of largest ships on high traffic trade lane.

    Tangier, Morocco- APM Terminals has announced orders for 12 remote-controlled Ship-to-Shore (STS) cranes and 32 Automated Rail-Mounted Gantry Cranes (ARMGs) to equip the new five million TEU* APM Terminals MedPort Tangier facility now under construction at the Tanger-Med II port complex.
     
    The container terminal will be the second operated by APM Terminals at the Tanger-Med port complex designed to serve the newest Ultra-Large Container Ships (ULCS) with capacities up to 20,000 TEUs. APM Terminals MedPort Tangier will have up to 2,000 meters of quay length and increase the Tanger-Med complex’s overall capacity to over nine million TEUs. The facility complements APM Terminals Tangier which handled 1.7 million TEUs in 2015. The two terminals promise to give a competitive edge to liner operators and global supply chain executives.

    “Our goal is to use proven technology to create high-productivity for our clients on one of the world’s most strategically important trade lanes on the Strait of Gibraltar,” stated APM Terminals MedPort Tangier Managing Director, Dennis Olesen.

    Morocco is an increasingly attractive site selection location for global manufacturers and supply chains with over 700 manufacturing facilities including automotive, aeronautics and textile companies. German-based Siemens is building a windmill blade factory.  French-based Renault, operates an auto manufacturing facility producing 250,000 passenger cars annually, and French-based auto parts manufacturer Valeo is investing €50 million in production facilities.

    Opening in 2019, the deep-water terminal will employ both conventional and fully-automated operations and a truck gate system. The STS cranes will be delivered at the end of 2017 by Shanghai-based ZPMC, and feature full automation, including a remote crane operator safely located in an office building near the quay, a second trolley, and Optical Character Recognition (OCR) technology.  The 32 ARMGs will be delivered at the end of 2017 by Austrian-based Künz and deployed in 16 container yard blocks, each serviced by two ARMGs. 
    •    TEU is a container traffic term and is measured in Twenty-Foot Equivalent Units “TEUs”, reflecting the standard sizes of shipping containers: 8’6” high, 8’ wide and either 20’ , 40’ or 45' feet in length. A standard 40’ shipping container commonly seen loaded onto a chassis and being pulled by a truck on the highway would thus represent two TEUs, with the largest container ships now able to carry as many as 20,000 TEUs, equal to 10,000 truck-sized containers.

     
    Media Contact
    Tom Boyd, Head of External Communications
    APM Terminals, The Hague, The Netherlands
    Thomas.H.Boyd@apmterminals.com
    +31 70 304 2181
    October 24 2016 Read more
  • Third Joint Environmental Initiative Highlights The Strength Of Industry-wide Cooperation,

    World’s leading port operators coordinate green activities across the globe over the third week of September

    [19 October 2016] The third annual joint environmental initiative launched by marine terminal operators APM Terminals, DP World, Hutchison Ports, Port of Rotterdam Authority (PRA), PSA International and Shanghai International Port Group (SIPG) wrapped-up on 18 September following a busy week of green activities around the globe.

    In keeping with the programme’s central idea that the entire industry should join hands to tackle environmental concerns, numerous joint activities took place in key ports ranging from Buenos Aires and Rotterdam to Busan.

    In some locations, local shipping companies were invited to take part in events that covered everything from planting trees to collecting trash. Community involvement is an integral part of Go Green and numerous activities involved local students, NGOs, non-profit organisations and government departments.

    Following the structure established last year, the campaign activities revolved around the three main themes of: reuse and recycle; climate change; the community.

    APM Terminals and the APM Terminals Global Terminal Network saw a variety of participation around the world as part of this year's "Go Green Week" program. At APM Terminals Algeciras, Spain - activities included hosting over one hundred local school children who were invited to see how the busiest container terminal on the Mediterranean Sea has recycled 80% of its waste. The school children were also invited to take part in efforts to make a count of endangered wildlife in the Algeciras Bay, as well as a hike in the nearby El Strecho (The Strait) Natural Park, to learn about the coastal ecosystem. Other APM Terminals' sponsored activities included the launching of an electric car charging station at Shanghai East Container Terminal, in which APM Terminals holds a 49% share, in China; the distribution of seeds for trees to school children in Brazil; the installation of power and water-saving devices in Bahrain; and the clearing of litter from a sensitive mangrove
    area in Buenaventura, Colombia.

    Over 3000 DP World volunteers took part in Go Green initiatives across 29 countries this year, building on the past two years of successful collaboration with the world’s leading port operators to engage communities and people in promoting environmental awareness. DP World employees volunteered 5859 hours of their time on various initiatives from cycling to work to school visits to educate local children on the environment. A total of 2241 trees were planted during the week at tree planting sessions in schools, local areas, community gardens, protected eco-sites and terminal gardens. Over 200,000 kg of litter was collected off local beaches across the week.

    Tree planting was central to the activities carried out by Hutchison Ports. These activities took a wide variety of forms, including planting and weeding activities in nature reserves to protect biodiversity; planting marine trees to prevent soil erosion; teaching local students how to plant and care for vegetable seedlings; taking part in a charity run to raise money for foresting a national park; and planting trees in various public areas to increase green spaces. Clean-up activities were held at a number of coastal areas, with the collected trash segregated for recycling.

    On Friday 16 September, some 50 employees of APM Terminals, Europe Container Terminals (Hutchison Ports), Rotterdam World Gateway (DP World) and the Port of Rotterdam Authority rolled up their sleeves and set to work at Mildenburg Estate in the Netherlands to retain the open habitat for a number of special dune species in the coastal area near the port.

    PSA ports around the world engaged in a diverse array of Go Green activities to foster positive environmental change and heighten the engagement of employees to this cause. Activities included conservation of the ecosystem, through planting trees and mangroves, releasing crabs back into their natural habitat, the clean-up of work and public areas such as terminals, offices, local parks and beaches, as well as recycling projects in offices around the world. In total, 1286 seedlings were planted and 39 tons of used items were collected for recycling.

    APM Terminals CEO Kim Fejfer said, “Sensitivity to the environment, and environmentally sustainable practices are becoming more widespread across our industry, we are very proud to be leaders in this area. The Go Green initiative is a great way for us to involve the entire community in our efforts.”

    DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem, said: “I’m very pleased that an initiative we pioneered two years ago with just one other partner has today grown to include thousands of our fellow industry colleagues across the globe. DP World is committed to sustainability through our ongoing campaign ‘Our World, Our Future’ and we believe that working responsibly is essential to building a strong business for our customers, people and society. To build a legacy is also at the core of our business philosophy – ensuring everything we do leaves long-term benefits for the world we live in. I look forward to watching this programme flourish over the coming years, demonstrating to the world that partnerships and collaboration will help us all achieve our goals for sustainable development.”

    Hutchison Ports Group Managing Director Eric Ip said, “The third year of this successful event was marked by increased levels of participation at our container terminal operations around the globe. By aligning the various green activities organised by all the participants over the course of a single week, we hope to show by example that environmental concerns are something everybody needs to work together to achieve.”

    Port of Rotterdam Authority CEO Allard Castelein said “The Port Authority aims to make Rotterdam the most sustainable port of the world. This means that we are happy to support initiatives like Go Green”.

    PSA International Group CEO Tan Chong Meng said, “At PSA, we see the Go Green efforts as a crucial part of contributing back to the communities in which we operate and reminding all of us of our role in bettering our environment and ensuring its sustainability. We encourage our staff to continually look-out for opportunities to recycle, reduce wastage and decrease our carbon footprint, not just during the Go Green Week but throughout the year. By coordinating these efforts alongside like-minded players which operate terminals in different parts of the world, we hope to raise the awareness that environmental preservation is the collective responsibility of industry leaders. Together, our actions make a critical difference to our environment.”

    For media enquiries please contact: 

    APM Terminals  DP World  Hutchison Ports 
    Tom Boyd
    Director, External Communications APM Terminals
    Tel: +31 70 304 2181 (The Netherlands)
    Email:thomas.h.boyd@apmterminals.com
    Sanaa Maadad
    Corporate Communications Manager DP World
    Tel: +971 505522610 (United Arab Emirates)
    Email:sana.maadad@dpworld.com
    Anthony Tam
    Head, Group Corporate Affairs
    Tel: (852) 2619 7557
    Email:Tam.Anthony@hutchisonports.com
    PRA PSA SIPG
    Tie Schellekens
    Communications & External Affairs
    Tel: +31 (0)10 252 1010
    Email:JBM.Schellekens@portofrotterdam.com
    Chris Chan
    Vice President,Group Corporate Affairs,
    Tel: +65 62794045/ +65 91396099 (Singapore)
    Email:chrisc@globalpsa.com
    Luo Wenbin
    GM, Technology and Engineering Dep SIPG
    Tel:+86 021 35308298(China)
    Email:Luowb@portshanghai.com.cn

    For more information:

    About APM Terminals:
    APM Terminals is a leading global port and cargo inland services provider with a presence in 69 countries providing the world’s most geographically balanced global terminal network. Based in The Hague, Netherlands, the company works with shipping lines, importers/exporters, governments, business leaders and the entire global supply chain to provide solutions that help nations achieve their ambitions and businesses reach their performance goals. www.apmterminals.com

    About DP World:
    DP World is a leading enabler of global trade and an integral part of the supply chain.

    We operate multiple yet related businesses – from marine and inland terminals, maritime services, logistics and ancillary services to technology-driven trade solutions.

    We have a portfolio of 77 operating marine and inland terminals supported by over 50 related businesses in 40 countries across six continents with a significant presence in both high-growth and mature markets. We aim to be essential to the bright future of global trade, ensuring everything we do has a long-lasting positive impact on economies and society.

    Our dedicated team of over 37,000 employees from 110 countries cultivates long-standing relationships with governments, shipping lines, importers and exporters, communities, and many other important constituents of the global supply chain, to add value and provide quality services today and tomorrow.

    Container handling is the company’s core business and generates more than three quarters of its revenue. In 2015, DP World handled 61.7 million TEU (twenty-foot equivalent units) across our portfolio. With its committed pipeline of developments and expansions, the current gross capacity of 79.6 million TEU is expected to rise to more than 100 million TEU by 2020, in line with market demand.

    By thinking ahead, foreseeing change and innovating we aim to create the most productive, efficient and safe trade solutions globally. www.dpworld.com

    About Hutchison Ports:
    Hutchison Ports is the port and related services division of CK Hutchison Holdings Limited (CK Hutchison). Hutchison Ports is the world’s leading port investor, developer and operator with a network of port operations in 48 ports spanning 25 countries throughout Asia, the Middle East, Africa, Europe, the Americas and Australasia. Over the years, Hutchison Ports has expanded into other logistics and transportation-related businesses, including cruise ship terminals, airport operations, distribution centres, rail services and ship repair facilities.

    In 2015, Hutchison Ports handled a combined throughput of 83.8 million TEU. https://hutchisonports.com

    About the Port of Rotterdam Authority:
    The objective of the Port of Rotterdam Authority is to enhance the port of Rotterdam’s competitive position as a logistics hub and a world-class industrial complex. The Port of Rotterdam Authority manages, operates and develops the port and industrial area of Rotterdam. Not only in terms of size, but also in terms of quality. The Port Authority is responsible for maintaining the safe and smooth handling of all shipping. We invest in the development of the existing port area, in new port sites, public infrastructure and in handling shipping. www.portofrotterdam.com

    About PSA International:
    As one of the leading global port groups, PSA participates in around 40 terminals in 16 countries across Asia, Europe and the Americas with flagship operations in PSA Singapore Terminals and PSA Antwerp. PSA strives to continue growing its port network alongside its shipping line customers and become the preferred partner to port stakeholders across the world. Employing the finest talents in the industry, PSA delivers reliable and best-in-class service to its customers and develops win-win relationships with its partners. As the port operator of choice in the world's gateway hubs, PSA is “The World's Port of Call”. Please visit us at www.globalpsa.com

    About SIPG:
    SIPG serves 281 container shipping routes covering major ports globally and accommodates over 2700 monthly calls. SIPG has recorded the container throughput of 35.285mTEU, ranking No.1 for the fifth consecutive year in terms of container volume in the year of 2014. www.portshanghai.com.cn

     

    October 19 2016 Read more
  • APM Terminals Expands Chinese Partnerships, COSCO Shipping Ports and Qingdao Port InternationalDevelopment become partners with APM Terminals to operate the existing Vado Reefer Terminal, and the new deep-water container terminal under construction in Vado, Italy, opening in 2018.

    The Hague, The Netherlands – APM Terminals has concluded an agreement with China COSCO Shipping Ports subject to customary conditions for the sale of a minority share in a new joint venture created for the APM Terminals Global Terminal Network’s operations in Vado, Italy. A similar agreement was also concluded with Qingdao Port International Development (Hong Kong) Co., Limited, a wholly-owned subsidiary of Qingdao Port International Co., Ltd. (06198.hk), which shall become an indirect minority shareholder in the joint venture. The agreements include interests in both the existing Reefer Terminal in Vado, the largest refrigerated cargo facility on the Mediterranean Sea, and the new 800,000 TEU capacity deep-water terminal currently under construction at the Port of Vado. APM Terminals will have a 50.1% share and will operate both the Reefer Terminal and the APM Terminals Vado container terminal; COSCO Shipping Ports will have a 40% share and Qingdao Port International Development (Hong Kong) Co., Limited a 9.9% share.

    The signing ceremony with COSCO Shipping Ports was held in Shanghai, and attended by current APM Terminals CEO Kim Fejfer, as well as Mr. Morten Engelstoft, who will succeed Mr. Fejfer as CEO on November 1st.

    “Through global partnerships and shared goals of operational excellence, there is much we can achieve together, even in the current difficult business environment” stated Mr. Fejfer, adding “and we are pleased to build upon our close relationships with COSCO Shipping Ports, and the Qingdao Port Group.”

    COSCO Shipping Ports is a subsidiary of COSCO Shipping Group which assumed control over the Greek Port of Piraeus earlier this year. With the support of its affiliated shipping line, COSCO Container Lines, the world’s number one in total tonnage and number four in container capacity, COSCO Shipping Ports has been expanding its operations in the Mediterranean Region as part of the “One Belt One Road” initiative to strengthen logistics links between China and Europe. COSCO is already a shareholder in several operations within the APM Terminals Global Terminal Network, such as the Suez Canal Container Terminal, in Egypt; APM Terminals Zeebrugge, in Belgium; and Qingdao Qianwan Container Terminal (QQCT) in China.

    APM Terminals and the Qingdao Port Group, which has also been expanding its global presence, have existing joint venture relationships with shared investments in QQCT and four other container terminals in Qingdao, and most recently, Qingdao Port Dongjiakou Multi-Purpose Terminal. Qingdao Port is the fifth-largest container port on the Chinese Mainland, and the 8th-largest world-wide, with 17.4 million TEUs handled in 2015.

    The Port of Vado is located in north-western Italy in the region of Savona on the Ligurian Coast, near Genoa, Italy’s busiest container import/export port, with a throughput of 2.24 million TEUs in 2015. The expansion of Vado’s facilities is part of the port’s master plan to create new and improved supply chain capabilities for markets in Northern Italy, Switzerland and Southern Germany.

    APM Terminals Vado will be a new semi-automated container terminal scheduled to become operational in 2018, with the unique ability to accommodate Ultra-Large Container Ships (ULCS) of up to 19,000 TEU capacity without any physical restrictions among North Italian ports. In August 2015, APM Terminals purchased the existing Vado Ligure Reefer Terminal, which has an annual capacity of 275,000 TEUs and more than half a million tons of refrigerated fruit. Operations at the Reefer Terminal will be merged upon completion with the adjacent APM Terminals Vado container terminal.


    Media Contacts
    APM Terminals
    Tom Boyd, Head of External Communications
    APM Terminals, The Hague, The Netherlands
    Thomas.H.Boyd@apmterminals.com
    +31 70 304 2181

    COSCO Shipping Ports
    May LIU, Deputy General Manager of Investor Relations Department
    COSCO SHIPPING Ports Limited
    mayliu@coscopac.com.hk
    +852 2809 8131

    Qingdao Port International Development (Hong Kong) Co., Limited
    Peter Li, Overseas Business Department
    Qingdao Port International Co., Ltd.
    Room 208, 58 Ganghuan Road
    Shibei District, Qingdao, China
    peter.li@qdport.com
    +86 532 82982292
    October 17 2016 Read more