Denmark’s shipping conglomerate AP Moller-Maersk saw its first half profit plunged 87% year-on-year to $342m, impacted mainly by lower container freight rates and oil prices.

APM Terminals has successfully trialled a new Load Collision Prevention System (LCPS) at Bahrain’s Khalifa bin Salman Port (KBSP) and is set to roll it out across the company’s global network.

APM Terminals, Terminal Link, PSA International and Terminal Investment Limited have all pre-qualified for the future tender for the construction and operation of a $500m container transhipment port in Corozal, Panama.

APM Terminals has won a 30-year concession to operate a new 5m teu container transhipment terminal at Tangier Med port, due to open in 2019.

APM Terminals is preparing to open soon the new deepwater semi-automated 1.2m teu Lazaro Cardenas Terminal 2 (TEC2) project, representing an overall investment of $900m.

APM Terminals has completed its $1bn acquisition of Spanish Grup Maritim TCB’s port and rail interests, adding 7% its global volumes.

APM Terminals Pipavav has taken delivery of a cargo of 800 Indian-built Hyundai cars from the Port of Chennai, on the IDM Symex intra-coastal ro-ro service.

APM Terminals and Colombian-based port and terminal operating company, Compañia de Puertos Asociados (COMPAS) have finalised their joint venture Cartagena Container Terminal Operator (CCTO).

APM Terminals has opened a 53,000 sq m expansion of the Aqaba Logistics Village (ALV) at Jordan’s growing hub port, with local Jordanian partner Kawar Group.

APM Terminals has entered into a new agreement to buyout the remaining 39% stake in Grup Maritim TCB from Spain’s Perez y Cia, after an earlier acquisition in September of a 61% majority share.