APM Terminals

Infobox_Company
company_name = APM Terminal
company_
company_type = Private
foundation = 2001
location = The Hague, Netherlands
key_people = Kim Fejfer (CEO)
Peder Sondergaard (COO)
num_employees = 19,000 (2007)
industry = Transport, Terminals
owner = A.P. Moller-Maersk Group.
revenue = 2,065 billion $ 2006
net_income = 99 million $ 2006
homepage = http://www.apmterminals.com/

APM Terminals is a multinational container terminal operating company headquartered in the Netherlands. It is the world's second largest terminal operator [ cite web|url=http://www.nfia.com/item.php?newsid=381 |title=APM Terminals |publisher = Netherlands Foreign Investment Agency|accessdate=2008-02-23 |work=Netherlands in the News ] with a global network of more than 50 terminals in 31 countries, with another 14 more in development or construction.

In 2006 APM Terminals’ container handling volume grew by 18%, with a throughput of TEU|32.4 million and a global market share of 7.4% of container port traffic. Revenue for the first half of 2007 was $US1.195 billion, representing a 26% increase on the same period in 2006. cite journal | authorlink = A.P.Moller - Maersk A/S | title = Interim Report 2007 | pages = 7 | publisher = Maersk | date = 2007 | url = http://shareholders.maersk.com/NR/rdonlyres/9EF73D40-935F-4157-AB69-0AB65BF15C4C/0/InterimReport2007uk.pdf | accessdate = 2007-12-20 ]

History

The company’s history in terminal operations began a half century ago with the first A.P. Moller facility, which opened in Brooklyn, in the Port of New York in 1958 to handle general cargoes. In 1975 the group established the Port Authority of New York and New Jersey’s first dedicated container terminal, at Berth 51 at Port Elizabeth, New Jersey.

APM Terminals was established as an independent terminal operating company within the Copenhagen, Denmark-based A.P. Moller-Maersk Group in 2001. In 2004, APM Terminals moved its headquarters to The Hague, Netherlands. Today the company provides services more than 60 shipping lines with over 19,000 personnel worldwide. APM Terminals was recognized by industry magazine Containerization International as the 2006 “Best Global Container Terminal Operator”. cite web|url=http://www.ci-online.co.uk |title=2006 Best Global Terminal Operator listing |accessdate=2007-12-20 |work=ci-online.co.uk.com ]

APM Terminals recent developments:

*Plans announced in October 2007 for a new TEU|700,000|first=yes container terminal in Guayaquil, Ecuador. Construction will start in 2008, with the opening scheduled for 2009.

*Opening of the new TEU|4.2 million Guangzhou South China Ocean Gate Container Terminal in September 2007. According to transportweekly.com, APM Terminals holds a 20% share of the Nansha Phase II joint venture. cite web|url=http://www.transportweekly.com/pages/en/news/articles/45779/ |title=Maersk’s 2007 mid year report to shareholders |accessdate=2007-12-20 |work=transportweekly.com |date=2007-01-10 ]

*An agreement signed in September 2007 with the Government of Egypt to double the capacity of the Suez Container Canal Terminal transshipment center at Port Said to TEU|5.1 million. The enlarged facility will provide service to the latest-generation container vessels with 24 Super Post-Panamax cranes. Phase II of the SCCT, a joint venture with a 60% APM Terminals majority holding, is scheduled for completion in 2011.

*Opening of a new convert|291|acre|km2|sing=on terminal in Portsmouth, Virginia, the third largest container terminal in the United States. According to Shipping Times, the $450 million environmentally sensitive terminal has a capacity of TEU|1 million, and with total site acreage of 571, can be expanded when necessary to TEU|2 million capacity. cite web|url=http://www.shippingtimes.co.uk/item904_maersk.htm |title=Largest privately owned container terminal in USA opens |accessdate=2007-12-20 |work=shippingtimes.co.uk |date=2007-09-07 ] The terminal is one of the few with the necessary depth and modern cranes able to accommodate the latest Post-Panamax containerships now entering global service.

*Opening of the new Xiamen Songyu Phase I Container Terminal at Songyu Port, in Xiamen, in Southeast China’s Fujian Province in September 2007. The terminal is a 50-50 joint venture with the Xiamen Port Group. The $380 million facility has three deep-water berths according to WorldCargo News. cite web|url=http://www.worldcargonews.com/htm/n20060324.578965.htm |title=JNPT plans Terminal 4 |accessdate=2007-12-20 |work=worldcargonews.com |date=2006-02-01 ]

*Awarded a 20 year concession in July 2007 by the Government of Angola to operate the nation’s largest container facility at the Port of Luanda. The Luanda Container Terminal will be run as a joint venture with a local Angolan company.

*Opened the first container terminal in the Tanger Med Port Complex in Tangiers, Morocco, in July 2007. The facility, with a projected annual throughput of TEU|1.4 million is an important transshipment center for the Western Mediterranean and North African regions, is a joint venture with the Akwa Goup of Casablanca. APM Terminals’ stake in the venture is 90%.

*An agreement announced with local partners to develop, own and operate the Shenzhen Dachan Bay Phase II Container Terminal at the Port of Shenzhen in the Pearl River Delta of China in June 2007. According to Logistics Business Review, the four-berth terminal will have a capacity of TEU|3.2 million and will be fully operational by 2010. APM Terminals will hold 51% ownership of the project, which is estimated to represent an investment of $909 million. cite web|url=http://www.logistics-business-review.com/article_news.asp?guid=7083E411-4CB4-47C4-A8A9-4031DD52787A |title=APM Terminals forms Chinese JV |accessdate=2007-12-20 |work=logistics-business-review.com |date=2007-06-26 ]

*Opened the Gateway Terminals India terminal in Mumbai in January 2007 as a joint venture between APM Terminals, and the Container Corporation of India. The TEU|1.3 million capacity facility is the largest and most modern container terminal in India, according to The Hindu Business Line, Internet Edition. cite web|url=http://www.thehindubusinessline.com/2005/02/25/stories/2005022502210700.htm |title=JNPT box terminal project |accessdate=2007-12-20 |work=thehindubusinessline.com |date=2005-02-24 ]

Other projects currently underway

*Mobile, Alabama, United States
*Bahrain
*Cai Mep, Vietnam
*Guangzhou, People's Republic of China
*Aqaba, Jordan
*Rotterdam, Netherlands
*Tianjin, People's Republic of China
*Le Havre, France
*Wilhelmshaven, Germany

Environmental and safety efforts

New APM Terminals projects as well as expansions to existing facilities are monitored for environmental compliance and safety. The company uses eco-friendly, low-emissions equipment whenever possible and works with local leaders to ensure that sites provide for wildlife conservation and remediation. In light of evidence concerning the effects of global warming, APM Terminals’ Global Terminal Network is committed to using environmentally friendly techniques and following world standards during construction and operation of facilities around the world.

The APM Terminals’ Global Terminal Network

References

External links

* [http://www.apmterminals.com/ Official site]