News Releases

  • Vietnam receives largest ever container vessel,

    Cai Mep International Terminal (CMIT) handled the largest container vessel to ever call a Vietnamese port this month. The CMA CGM Marco Polo called at the terminal on January 11, 2019 as part of its FAL 3 Asia to Europe Trade Service.

    Important guests, including senior government officials will attended the vessel maiden call’s celebrations jointly organised by CMIT and CMA CGM at the Cai Mep terminal in Ba Ria Vung Tau Province.

    CMIT is a deep-sea container terminal and market leader for global ocean carriers serving the South Vietnamese economy. Since 2018, CMIT operates with a license to handle container vessels up to 194,000 DWT which means the largest vessels currently sailing the world’s oceans. Vessels are operated efficiently using the latest technology and development in Container Handling Equipment and IT systems capable of handling ultra large container vessels with thousands of container moves per single call.

    CMIT is a joint venture between APM Terminals, Vinalines and Saigon Port and started operations in Cai Mep in 2011. Since its commencement, CMIT has proven a valuable partner to the largest container carriers, such as CMA CGM, connecting South Vietnam import and export to the global markets.

    CMIT feels honored to be given the sole trust to handle the CMA CGM Marco Polo. It’s a significant size vessel, the largest CMIT has ever handled, and we are privileged to have the confidence from the Ocean Alliance and CMA CGM to undertake the responsibility to operate this vessel safely, efficiently and quickly at our world class container terminal,” said Jan Bandstra, CMIT General Director.

    “As a key industry player, CMA CGM is fully mobilized to support Vietnam on its impressive path to rapid economic growth and will help shape its logistics and maritime infrastructures, through CMA CGM’s global leadership position, knowledge and capabilities. We are confident that Vietnam will develop into a key international maritime and logistics hub in the coming years,” said Bruno Gutton, General Director of CMA CGM Vietnam.

    CMIT sees 2019 as another year of continued double-digit growth in container volume flowing through the Cai Mep-Thi Vai container terminals. The strong economic growth of the South Vietnamese economy and its increasing importance and connectivity to the global markets will also cascade to shipping lines deploying larger tonnage in the near future.

    CMIT is grateful for the continued support of the Ministry of Transport, Vinamarine and Ba Ria Vung Tau province and other authorities in creating the right conditions for these megaships to call Cai Mep. For instance the dredging of the access channel back to 14 meters and its official certification ahead of the Marco Polo call shows the good cooperation and coordination between all parties involved thereby fostering the strong growth of the port sector in Cai Mep.

    January 17 2019 Read more
  • APM Terminals submits design for expansion of the Poti Sea Port,

    APM Terminals Poti and Poti New Terminals Consortium have submitted a conceptual design for a first stage construction permit for the expansion of the Poti Sea Port, Georgia. The plans were received by the Ministry of Economy and Sustainable Development of Georgia. 

    “After high-level and in-depth negotiations with authorities, cargo owners, equity partners and financial institutions we concluded that Poti will continue as the prime access to the Caucasus and the Central Asian markets. We believe that we have the skills, ability and expertise to contribute to the economy of Georgia by persisting in our journey to further develop the Poti Sea Port,” says Klaus Laursen, Managing Director of APM Terminals Poti. 



    The project plan entails a 14.5-meter water depth at the 700-meter quay wall and 25 hectares of dedicated land for the bulk operation for yard and covered storage facilities for various cargo types, including grain, ore, and minerals.

    Cost-effective for cargo owners

    “The new bulk port will handle cargo lots up to 60,000 tons/vessel creating new cost-effective opportunities for cargo owners in Georgia, Azerbaijan, Armenia and other central Asian countries,” said Klaus Laursen.

    The Poti Sea Port is currently the largest port in Georgia, handling liquids, dry bulk, passenger ferries and 80% of Georgia’s container traffic. The current multi-purpose facility has 15 berths, a total quay length of 2,900 meters, more than 20 quay cranes and 17 km of rail track.

    "Poti Sea Port, owned and managed by APM Terminals, has a well-established market position. Based on the existing infrastructure in and around Poti it offers a strong platform for continued growth. With the introduction of modern technology, we are confident that Poti will remain the most effective and efficient logistical solution for our existing and future customers,” adds Klaus Laursen. 

    Job creation

    The project will directly create an estimated 250 new jobs for the local population and over 900 employment opportunities in related industries and services, not including temporary jobs during the construction phase. 
    The new facilities in Poti will support the growth of international trade through the Georgian transit corridor, greatly contributing to the country’s economy.

    January 09 2019 Read more
  • Clearance for handling hazardous chemicals marks a first for an ICD in India,
    APM Terminals Inland Services' integrated Inland Container Depot (ICD) and supply chain solutions facility at Chakan, Pune has achieved a significant first after being awarded an environmental clearance certificate by the Indian government.

    The certification authorises the facility to store, handle, transport, and deliver hazardous chemicals in any form – a critical requirement for all industries dealing with chemicals in domestic and international trade and a key safeguard for the environment.

    The achievement marks a significant milestone for our operations as it is the first time it has been awarded to an ICD in India.

    Pressing industry need

    “The certification of the Chakan facility lays testimony to the capabilities and standards built by APM Terminals Inland Services to address a pressing industry need ahead of the growth curve," said Ajit Venkataraman, APM Terminals Inland Services, South Asia Managing Director.

    India is the third largest chemical producer in Asia and its domestic industry is projected to reach $403bn by 2025. The growing gap between the urgent need for qualified service providers and their availability has posed a continuous challenge to players there.

    Raising the bar for environmental solutions

    “We are committed to constantly raising the bar on safety, environmental and effective solutions for our customers. We realised that the lack of facilities with environmental clearance for storage and handling of chemical cargo was impeding various regional industries and manufacturers from taking their business to the next level. We are glad to have met all the requirements of the Ministry of Environment, Forest and Climate Change," said Venkataraman.
    Chakan is one of India's fastest growing hubs for industrial development and home to many manufacturers which use chemicals.

    Custom’s bonded storage

    APM Terminals Inland Services' facility is equipped with a yard capable of handling 60,000 containers annually. It has a bonded and non-bonded export-import warehouse and a domestic warehouse as well as services including customs clearance, empty container acceptance, transportation solutions and container repairs.

    “We are now looking forward to further strengthening our customers' chemical supply chains by providing safe and sustainable solutions, minimising the associated risks and making business easier to do," said Venkataraman.

    The purpose of the environmental clearance certificate is to identify, examine, assess and evaluate the likely and probable impacts of a proposed project or activity on the environment. It also looks at working out remedial action plans to minimise any adverse impacts on the environment and ensure the safety of employees, visitors, contractors and the communities that we impact.
    January 07 2019 Read more
  • A new era of international competitiveness for Aqaba, The Aqaba Container Terminal (ACT) in Jordan is making strong progress in its transformation into a transport and logistics hub for the Levant region. This is being driven by improvements in infrastructure, capacity and digital systems spearheaded by the container port.

    “The port´s new platform and systems enhance Aqaba's competitiveness in the fields of industry and logistics and is transforming it into a logistical gateway for various modes of transportation across the Middle East," commented Nasser Al-Shraideh, Chief Commissioner of the Aqaba Special Economic Zone Authority (ASEZA).

    To examine opportunities to boost this progress, 18 experts from the transport and logistics sector, representing 15 different countries, participated in the recent 15th Trans Middle East conference.  Organised by the Aqaba Container Terminal (ACT) in co-operation with ASEZA, the conference delved into global best practices for developing a sustainable transport and logistics infrastructure and touched upon the most important challenges and opportunities for the region. 

    Global Competitiveness Report
    Despite the significant progress made to date, the World Economic Forum’s latest Global Competitiveness Report ranks Jordan 74th, Israel 20th, UAE 27th, and Saudi Arabia 39th. 

    Private-public partnerships like ACT, are key to closing the gap as they bring digital competence, investment and knowledge. “Efficient port infrastructure is fundamental in catalysing growth for Jordan and the region, and for our customers to connect and simplify their supply chains. We are committed to Aqaba for the long term,” said Morten Engelstoft, CEO of APM Terminals. 

    Wolfgang Lehmacher, Head of Supply Chain and Transport Industries at the World Economic Forum, referenced a report from the World Bank which claims, ‘the logistics sector is now recognized as one of the core pillars of economic development,’ before highlighting a range of regional opportunities for Jordan.

    Regional opportunities for Jordan
    “Iraq was once Jordan’s main export market that accounted for almost a fifth of domestic exports or about $1.2 billion a year, according to the International Monetary Fund,” he explained. “The reopening of the border between the two countries and the reconstruction of Syria and Iraq will revitalize the economies in the region. Capturing the potential requires strong logistics performance.” 

    He continued by highlighting that Jordan’s stable, safe and economically attractive offering provides the potential to become the Dubai or Singapore of the Wider Levant region. “The development of two leading trading hubs provides important indications for the design of the policies and capabilities required to become a regional business platform. World class healthcare and recreation facilities are part of the package, which Jordan already offers today.”

    Best investment environment in the region
    According to Samir Murad, Minister of Labour for Jordan, the investment environment in the country is currently the best in the region due to security, location, a free trade agreement with the United States, and the application of rules of origin.

    Amman offers potential as a strategic regional logistics cluster and business hub, with key markets in Damascus, Syria and Iraq on Amman’s doorstep. 
    “Jordan’s capital, Ammam, already has – to a large extent – the capabilities and resources needed, such as talent and infrastructure to build the platform,” said Wolfgang Lehmacher.

    Logistics clusters drive growth
    Professor Yossi Sheffi, director of MIT’s Center for Transportation and Logistics and author of ‘Logistics Clusters: Delivering Value and Driving Growth’, highlighted the benefits that such a hub can bring to a country, saying, “After an initial seed investment, they generate a self-reinforcing positive loop — more so than most other clusters. 

    “All industrial clusters produce a chain of mostly desirable events: more companies lead to the arrival of new suppliers seeking to be close to their customers — and more employees develop skills to meet the needs of the industry. This leads to further growth, and as the cluster expands, so does its clout, leading to more favourable government regulations and perhaps public funding for training and research centres.”

    A new digital platform, TradeLens, underpinned by blockchain technology, was introduced at the conference to show how digitalization will bring higher security to the countries while increasing visibility, transparency and planning capability for the operators in the transport and logistics sector.

    ACT’s role in the change
    “The Aqaba Container Terminal handles around 850,000 containers a year and has the capacity for more than 1,200,000 containers,” said ACT CEO Stephen Yoogalingam.
     
    At 1,000 meters, the quay length is capable of dealing with all types of ships and has become an important economic station in Aqaba, boosting the movement of imports and exports. APM also has an established Inland Service logistics hub in Amman.

    ACT has now become one of the three main terminals on the Red Sea following the introduction of advanced technology across all procedures.
    December 19 2018 Read more
  • APM Terminals Mumbai exceeds record 2m TEUs in 2018,

    APM Terminals Mumbai has become the first Indian container terminal to handle more than 2 million TEUs (Twenty-Foot Equivalent Units) in a calendar year. This is also a first for the terminal since it was commissioned in 2006.

    “I am very proud of all our employees, contractors and frontline workforce who have all worked as a team to achieve this record performance. I am especially happy that this record has been achieved by ensuring safe operations at all times”, explained Mr. Ravi Gaitonde, COO, APM Terminals Mumbai.

    Mr. Gaitonde further added, “I would like to express my sincere gratitude to all our Customers and the Trade for their support. I would also like to thank the Management and Staff of JNPT, JNCH (Customs House) and CISF for their unstinted support.”

    Supported by growing containerised global import-export trade volumes, APM Terminals Mumbai expects to maintain the growth momentum in the coming years. The terminal has embraced digitisation to keep up with rapidly-changing trade dynamics and increased efficiency in support of the Government of India’s Ease-of-Doing-Business initiative.

     

    December 18 2018 Read more
  • APM Terminals sets operational record in Los Angeles,

    APM Terminals set a new North American operations record this month with 27,846 TEUs handled on one vessel. This represents a complete discharge of the vessel for import cargo and a complete new load of export containers, in addition to empty containers needed back in Asia to balance the container equipment flow.

    Steven Trombley, APM Terminals Pier 400 Los Angeles Managing Director said, “Our terminal operations team works closely with our customers to optimize their peak season needs to ensure the port productivity and yard, rail and gate capacity meet and exceed customer expectations.”

    Strong North American volumes

    The 15,500 TEU, E-class, Eleonora Maersk vessel normally sails in the Asia/Europe service, however in response to strong North American market container volumes and the understanding that APM Terminals Pier 400 Los Angeles has proven extra-large ship capabilities Maersk decided to deploy her and her sister, Eugen Maersk into the Transpacific TP-6 string. 

    The new record breaks the previous record of container handling at APM Terminals Pier 400 Los Angeles which was on the Maersk Evora at 24,846 TEUs in October 2017. 

    Ultra-Large Container Ship capabilities

    APM Terminals Pier 400 Los Angeles is one of the few container terminals in the Port of Los Angeles/Long Beach complex who has the crane height capable of handling the newest generation of ultra large container ships that use 10 high (containers) above deck stowage. 

    The terminal also has the largest number of tall cranes - and cranes able to reach 22 containers across the beam to handle the operational size demands of the newest ships – which is an important choice for vessel schedules and supply chain management routing choices. 

    At 484 acres, APM Terminals Pier 400 Los Angeles is the largest single proprietary terminal in the world, featuring an ondock railyard that keeps thousands of trucks off nearby roads and reduces diesel emissions.

    December 14 2018 Read more
  • Aqaba Container Terminal Wins Lloyd’s List’s Terminal Operator Award,

    At the Lloyds List’s South Asia, Middle East & Africa Award ceremony on 27 November, the Aqaba Container Terminal (ACT) took home the prestigious Terminal Operator Award.

    The Lloyd’s List Awards series recognises the industry’s successes, setting a benchmark for excellence while rewarding innovative ideas and concepts that have pushed the boundaries of what is possible.

    Competing alongside the most re-known terminal operators in the region, ACT was chosen by a panel of expert judges as the winner of the Terminal Operator Award based on the Terminal’s overall performance including its safety records, operational efficiency and customer care. Beyond the Terminal’s performance, its impact on the local community through its extensive Corporate Social Responsibility program was also highlighted. 

    Terminal Operator Award

    Since 2006, ACT has invested more than USD300 million to further expand its capacity and secure its status as the preferred red sea gateway to the Middle East. Operated by APM Terminals and equipped with the latest systems and technology, ACT has consistently improved its operational efficiency, increased its volumes in adverse geo-political conditions and supported the national effort against unemployment by reaching an impressive nationalization rate of 99.6%. 

    Aqaba Container Terminal CEO Steven Yoogalingam said “We are truly honored to receive the Lloyd’s List Terminal Operator Award for South Asia, Middle East & Africa. I would like to thank our partners of Aqaba Special Economic Zone and Aqaba Development Corporation for their support and all our employees for their hard work and dedication. The levels of productivity and efficiency reached in Aqaba today firmly position the Terminal as the preferred gateway to Jordan and the wider Levant.”

    “Aqaba Container Terminal plays a critical role in supporting the economic development of Aqaba and the wider country. I would like to thank APM Terminals for their continued contribution in developing ACT into one of the best terminals in the region and congratulate the management and all the employees of ACT for their hard work and great achievement.” added Nasser Shraideh, Chief Commissioner of ASEZA and Chairman of ACT.

     

    November 28 2018 Read more
  • A new vision for safety at APM Terminals in Kenya,

    APM Terminals Inland Services Kenya has partnered with non-profit group TwoBillionEyes Foundation to offer free eye tests and corrective glasses for truck drivers. The partnership not only improves safety for all concerned, but also creates new employment opportunities.

    PD measurement

    The partnership resulted in a free eye check-up camp held from 27 August to 13 September 2018. The camp benefitted 550 truck drivers visiting the company’s inland container freight station (CFS) 4 km from Kenya’s primary port of Mombasa. The facility is one of East Africa’s largest and most technologically advanced CFS operations, with direct rail links to the port and the key markets of Nairobi and Kampala. 

    Eye tests made use of the 0.66 minimum Kenyan requirement for driving. Of the 550 drivers tested, 77 drivers (14%) were immediately fitted and issued with glasses to improve their vision.

    Poor vision affects 2.5 billion around the world

    Poor vision is a global issue affecting 2.5 billion people, according to information from TwoBillionEyes. Meanwhile, youth unemployment is a challenge across Africa, with Kenya posting a 39.1 percent unemployment rate based on the United Nations Human Development Index 2017 report.

    Commenting on the initiative, Wouter De Gier, Head of Safety, Environment and Performance Management, APM Terminals, says, “APM Terminals is committed to creating meaningful impact to the communities where we operate. We are delighted to collaborate with TwoBillionEyes to promote among our driver partners the importance of proper vision that leads to road safety, as well as to provide economic opportunities among Kenya’s youth.”

    Training and employment

    Objective vision testing

    The eye tests were carried out by eight young unemployed people known as VisionVijana agents (Vijana means youth in Swahili). These agents were selected through a rigorous recruitment process from a pool of youth applicants. Following the selection process, the agents participated in two intensive weeks of technical training from licensed professionals, empowering them to conduct the vision testing with confidence and subsequently receive compensation.

    Tito Okuku, Managing Director of Great Lakes Ports Limited, APM Terminals Kenya adds, “Uncorrected vision could not only derail our operations but also compromise the business of our customers and trade partners. We want to ensure that our driver partners see clearly so they can deliver customer cargoes safely and on time.”

     

    November 27 2018 Read more
  • Poti Port raises the bar with latest eco-tech,

    APM Terminals Poti, Georgia,  has commissioned a new, state-of-the-art, revolving spreader to load copper concentrate into bulk vessels. The spreaders are designed to improve efficiency and minimise the impact on the environment during bulk cargo loading operations.

    RAM

    In traditional operations, product is loaded from a pile on the ground into the holds of the vessel. During this process product is lost due to the wind blowing and rain washing it away. Even with careful sweeping it is difficult to collect everything after it has been lying on the ground. This not only has financial implications but also a severe impact on the environment as most of the product ends up in the ocean. 

    In a closed warehouse the copper concentrate is loaded in reinforced open top containers covered by a tarpaulin, before embarking on its 4km journey to the terminal. The revolving spreader attaches to a Mobile Harbour Crane in the same way that regular spreaders do. Once suspended over the hold of a vessel, it turns the container upside down and deposits the contents at the bottom of the vessel’s hold. As the product is loaded into the vessel, a hatch-mounted misting system prevents the copper dust from being blown away.

    Infographic showing efficiency improvements achieved with revolving spreader at APM Terminals Poti, Georgia

    "With this solution, we have addressed the needs of our customer; enabling both sides to become more efficient and environmentally friendly. Furthermore, with the same equipment and infrastructure, we can now expand into a market with the potential for several million tons of bulk cargo,” explains Klaus Holm Laursen, managing director of APM Terminals Poti.

    Environmental compliance

    This method assures compliance with all environmental, IMO and REACH regulations as the concentrate never touches the ground, avoids spillage, dusting and water contamination. It also improves worker’s Health & Safety and significantly speeds up terminal and port operations and daily vessel loading rate.

    “At the traditional bulk facility, we were happy if they would load 5,000 tons in a day using three cranes. Today we experience loading of 10,000 tons in a day on a single crane,” says Michael Mogilevsky, founder of Caucasian Metals Terminal, APM Terminals business partner in this operation.

    With some commodities selling for more than 3,000 dollars per ton, just a small percentage of waste can add up to millions of dollars of lost product over the course of a year. “We are seeing not only more product actually being loaded with less environmental impact, but we are also experiencing a cost advantage on the number of days we need to charter the vessel," adds Michael.

    Opening up new markets for the Port

    APM Terminals Poti is the largest port in Georgia with a market share of 80% of the container traffic. Over the coming months, Poti is looking to attract additional bulk cargoes to load using the new method. The company continues to upgrade the current port infrastructure and equipment to make Poti the most productive and safest port in the region while maintaining its preeminent position as the leading gateway for containers and general cargo to and from the Caucasus and Central Asia.

     

    November 13 2018 Read more
  • APM Terminals Bahrain aims to raise $32m with IPO, APM Terminals Bahrain plans to raise around BHD12m ($32m) through its planned initial public offering (IPO). This is the first IPO for a transport and logistics company in the Kingdom to list on the Bahrain Bourse. The listing forms part of the contractual agreement made when the port opened in 2009.

    APM Terminals Bahrain will offer 18 million shares, equivalent to 20 per cent of its issued share capital, at BHD0.66 per share. The net proceeds will be paid to its current shareholders pro-rata based on their shareholding. APM Terminals currently holds 80% of the shares and the remaining 20% of shares are held by YBA Kanoo Holdings of Bahrain, a leading diversified regional business group. 

    Commenting on the IPO, Mark Hardiman, CEO/Managing Director, APM Terminals Bahrain said, “This is a significant moment for APM Terminals Bahrain as we move forward to launch our IPO, with an opportunity for the local and wider regional community to invest in a successful public-private partnership and Bahrain’s only commercial port.”

    Attractive pricing

    The offer price of BHD 0.660 per share, equates to a price-to-earnings (P/E) ratio of 5.7x 2017’s net earnings of BHD 10.4 million. Commenting on the attractive valuation of the IPO and the market opportunity that APM presents for both local and regional investors, Najla Al Shirawi, the CEO of SICO, the mandated lead manager for the IPO, said: “The much-anticipated public offering of APM Terminals is a proxy on the Kingdom’s growing non-oil economy, it offers investors extremely attractive pricing and a dividend yield of 15.5% on the offer price based on dividends paid in 2017.”

    The offering will start on November 8 and will remain open until November 24. Given the strong investor appetite the company wanted to ensure that retail investors (i.e., those applying for less than 100,000 shares) have equal access to the market opportunity by allocating 30% of the shares to retail investors. Furthermore, retail investors will have a priority allocation for the first 15,000 shares applied for.

    25-year renewable concession


    APM Terminals Bahrain has an exclusive 25-year concession from the Bahrain Government to manage and operate Khalifa Bin Salman Port (KBSP). The concession, which commenced on 1 April 2009, is renewable with mutual consent of the company and the Bahrain Government.

    The concession gives APM Terminals Bahrain exclusive rights to manage all of Bahrain’s container traffic and the majority of its general cargo traffic. It prohibits the Government from building and operating another port facility in Bahrain (other than private jetties or fishing harbours) until 1 April 2024. 
    APM Terminals Bahrain also has exclusive rights to provide marine services (such as pilotage and towage) to KBSP and the old Mina Salman Port (MSP). APM Terminals Bahrain can also provide pilotage services within Khawr Al Qulay’ah, Sitra anchorage and approach channel to all private jetties requiring such services, except for Arab Shipbuilding and Repair Yard. APM Terminals Bahrain also has non-exclusive rights to provide marine services outside KBSP and MSP, within the territorial waters of Bahrain. 

    The port currently has a container throughput capacity of 1 million TEUs per annum, with utilisation of around 40% in 2017. There is potential to expand to 2.5 million TEUs per annum in the future.

    World-class operations

    Over the past nine years, APM Terminals has contributed towards positioning KBSP as a hub with its world-class operations and logistical solutions, serving both the country and the wider region, in line with the Kingdom’s Economic Vision 2030. 

    “Being the only commercial port, KBSP, plays a vital role in the economic development of the Kingdom of Bahrain by facilitating smooth trade flows, which has been possible with APM Terminals bringing in the required expertise, competitiveness and operational excellence as per international standards,” said Mark Hardiman.

    “We are excited about the IPO and look forward with confidence to our next stage of growth for APM Terminals Bahrain as a publicly listed company.”

    Future perspective

    While APMT Bahrain continues to focus on its core service offerings within the Bahraini Export/Import segment, it expects to benefit from a number of internal and external initiatives, including ongoing discussions with feeder vessels to service the areas of Upper Gulf region out of KBSP. The port is also keen to develop preferred transhipment access to Upper Gulf states including Iraq and Kuwait.
     
    APM Terminals Bahrain sees an opportunity to secure project cargo imports for a number of planning infrastructure projects in the region, including the modernisation project by the Bahrain Petroleum Company B.S.C.(c) (BAPCO), the light rail (metro) initiative, the new Bahrain-Saudi causeway, airport expansion and various new industrial projects being streamlined by the Economic Development Board and the Ministry of Industry, Commerce & Tourism of the Kingdom of Bahrain.

    Together with the tourism authorities, APM Terminals Bahrain will also play a key role in continuing to attract international cruise lines to call at the port and including Bahrain as a destination on their itineraries. This will be part of a broader enhancement to marketing the port with shipping lines and other customers through various marketing channels including road shows, social media, press, customer visits, and participating in trade shows/conferences.
    November 01 2018 Read more