The operating profit for the quarter is a 22.5% increase over the $160m recorded in Q3 2012.
APM reports that productivity records set during calls by 18,000teu container giant Maersk Mc-Kinney Moller, which made its maiden voyage to European ports including Rotterdam, Gothenburg and Tangier, were instrumental in increasing volumes handled.
Kim Fejfer, ceo of APM Terminals claims that the company is “well underway to reach its target” of $1bn yearly profits from 2016.
“The cascading of bigger vessels will take place at an even faster place,” says Fejfer. “Bigger vessels than ever will come into smaller terminals. Port operators must handle fewer but larger calls, and the demands for efficiency, reliability and speed will be even higher.
“This will lead to cost increases – partly due to lower berth utilization, partly to investments in more equipment and adaptation. The burden of these rising costs will have to be shared between the customers and the port operators.”
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