COPENHAGEN, June 20 (Reuters) - Port operator APM Terminals, part of A.P. Moller-Maersk, said it will cut 160 staff at its Gothenburg terminal in Sweden, the largest in Scandinavia, as labour disruptions had caused container volumes to drop by 25 percent over the past year. "We have lost about 70,000 containers in revenue over the past year," Henrik Kristensen, head of APM … [Read more...]
Ocean Alliance Makes Maiden Call at Port of New York and New Jersey
APM Terminals facility in Port Elizabeth, New Jersey has welcomed the 8,700 TEU capacity CMA CGM Bianca, marking the first call of the weekly Ocean Alliance US East Coast Loop 3 Service, now providing direct service to the U.S. East Coast from ports in China and Southeast Asia. Until recently, container ships calling the Port of New York & New Jersey were restricted to … [Read more...]
Escalating Dockworkers’ Conflict Now Threatens Swedish Economy
By Niclas Rolander and Hanna Hoikkala (Bloomberg) -- As a drawn-out labor conflict at the Nordic region’s largest port escalates, some of Sweden’s largest exporters are warning they may be forced to find alternative harbors abroad to safeguard shipments. Container capacity at A.P. Moller-Maersk A/S’ APM Terminals facility in Gothenburg has in the past six months dropped to … [Read more...]
APM Terminals: $200 Million Investment to Bring ‘Megaships’ to Port of New York and New Jersey
APM Terminals on Wednesday revealed plans to bring so-called 'megaships' to the Port of New York and New Jersey with a massive increase to its infrastructure investment plan at its Port Elizabeth facility. In September 2016, APM Terminals announced its plan to invest $70 million for a new berth at its Port Elizabeth container terminal that will allow the facility to handle … [Read more...]
APM Terminals to Operate New Automated Port in Morocco’s Tangier
COPENHAGEN, March 31 (Reuters) - The world's third largest port operator APM Terminals said it will invest 758 million euros ($858.3 million) in a new transhipment terminal in Tangier, Morocco, that will be the first automated terminal in Africa. The new container terminal will have an annual capacity of five million 20-foot equivalent units (TEU), and APM Terminals has the … [Read more...]
APM Terminals Completes $1 Billion Grup Maritim TCB Acquisition
APM Terminals says it has completed the $1 billion acquisition of Barcelona-based Grup Maritim TCB’s port and rail interests, expanding the maritime services’ container terminal portfolio in Europe and Latin America. APM Terminals says it is yet to receive approval for three of 11 terminals under Grup Maritim TCB, but has decided to move ahead with the acquisition, as the … [Read more...]
APM Terminals Dumps Mexico’s ICA from $300 Million Port Project, Sources Say
By Alexandra Alper and Dave Graham MEXICO CITY, Jan 20 (Reuters) - Port operator APM Terminals, part of Denmark's A.P. Moller-Maersk, has dropped Mexico's ICA construction firm from a $300 million port project after it ran out of cash and could not continue work, two people familiar with the matter said. ICA, which has defaulted on debt payments, was dismissed at the end … [Read more...]