The terminal operating arm of the AP Moller Maersk group, increased its invested capital to $6.1bn to fund work on seven new terminals and upgrades to 16 operational facilities, which returned 13.5% on its invested capital.
Capacity was added following the opening of the 1.2m teu Brasil Terminal Portuário (BTP) at APM’s 50%-owned Port of Santos in Brazil, as well as the acquisition of Russian terminal operator NCC Group Ltd. by Global Ports Investments, in which APM Terminals has a 30.75% co-controlling share.
Further, the company secured a new deepwater terminal project in Izmir, Turkey, capable of handling 1.5m teu annually, and a terminal project at the Port of Abidjan, Ivory Coast with an annual throughput capacity of 2m teu.
“We are making good progress toward our goal of becoming the recognized industry leader, and we will continue to invest in infrastructure in underserved and high-growth markets to provide the services our customers require as global trade continues to expand,” said APM Terminals ceo Kim Fejfer.
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