APM Terminals
 |
|
| Private | |
| Industry |
Container terminals Port management |
| Founded | 2001 |
| Headquarters | The Hague, Netherlands |
|
Area served
|
Worldwide |
|
Key people
|
Morten Engelstoft (CEO) |
| Revenue | US$4.17 billion (2016) |
| Owner | Maersk Group. |
|
Number of employees
|
22,615 (2017) |
| Website | APMTerminals.com |
APM Terminals is an international container terminal operating company headquartered in The Hague, Netherlands. It is one of the world's largest port and terminal operators as well as providing cargo support and container Inland Services, and is the largest port and terminal operating company in terms of overall geographic scope. It operates 75 port and terminal facilities in 39 countries on five continents, with six new port projects in development, as well as 140 Inland Services operations providing container transportation, management, maintenance and repair in 39 countries, for an overall global presence of 69 countries.
APM Terminals generated profit of USD $4.17 billion in 2016, with a Return on Invested Capital (ROIC) of 5.7%, with lower profit in commercially challenged terminals in Latin America, North-West Europe and Africa as a consequence of liner network changes and weak underlying markets. The number of containers handled by APM Terminals (weighted by APM Terminals’ ownership interest) increased by 3.7% compared with 2015, to 37.3 million TEUs, boosted by the acquisition of the Grup Maritime TCB portfolio in March 2016. Adjusting for TCB as well as terminals divested in 2015, like-for-like volumes increased 1%, driven by hub terminals and terminals in North Asia and Southeast Asia.
APM Terminals acquired eight out of 11 terminals from the Spanish Grup Marítim TCB’s (TCB) port and rail interests. The acquisition added a combined 2 million TEU equity-weighted volume to APM Terminals, expanding the APM Terminals global terminal network significantly in Spain and Latin America. Concluding the TCB transaction with the three initially carved out terminals in Turkey and on the Canary Islands is subject to the fulfilment of certain conditions precedent, which not all of which have yet been satisfied.
APM Terminals launched the project to build a new five million TEU capacity terminal in Tangier, Morocco, which is set to become operational in 2019. APM Terminals MedPort Tangier will have up to 2,000 meters of quay and will increase the Tangier Med complex’s overall capacity to over nine million TEUs. APM Terminals initiated the first phase of a $200 million upgrade and expansion program for Port Elizabeth, NJ, USA, for the terminal to handle larger vessels arriving via the expanded Panama Canal. APM Terminals signed a contract to extend the reach of ten Ship-to-Shore (STS) cranes at Pier 400 Los Angeles, California, America's busiest container port. The STS cranes will be able to accommodate Ultra-Large Container Ships of up to 20,000 TEU capacity.
APM Terminals has concluded agreements with China COSCO Shipping Ports and Qingdao Port International Development to divest a minority of the existing reefer terminal and the new terminal under construction in Vado, Italy. After completing the transaction, APM Terminals will retain a 50.1% share and will operate both terminals. APM Terminals has entered into an agreement to divest Pentalver, the UK based provider of container transport and other container related services. The sales price is around USD $100 million, resulting in a minor gain. The transaction is subject to customary closing conditions and is expected to be finalised in in the first quarter of 2017.
...
Wikipedia