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APM Terminals diversifies with Qingdao multipurpose terminal jv

APM Terminals diversifies with Qingdao multipurpose terminal jv
APM Terminals has secured a 20% stake in the newly developed multipurpose terminal in Qingdao’s Dongjiakou Port, located on China’s Bohai Rim in the Shandong province.

Dongjiakou Port area is expected to become a national hub of Chinese grain and energy bulk cargoes, with a projected annual throughput of more than 300m tonnes. Qingdao port handled around 7m tonnes of grain in 2014, with continued strong growth again in 2015.

“China… is a crucial center of global trade and logistics, and we are very pleased to advance our multi-port strategy of growth beyond containers in this exciting and fast-growing market,” said APMT ceo Kim Fejfer. “We are fully prepared to grow with the grain market in China, and around the world.”

Francois Delenclos, APMT vp of business development, added: “Worldwide seaborne  grain shipments have increased  to over 400m tons annually according to the World Grain Council, requiring a specialized infrastructure and expertise to keep up with this demand, while helping to improve the quality of life for millions of people around the world. This is a high-growth market where APM Terminals can invest and deploy its operational expertise in key locations.”