APM Terminals Starts Callao, Peru, Construction Project

Press Release
Friday, October 05, 2012

APM Terminals Callao invests US$307-million for Phase l & ll port expansion.

Executives from APM Terminals Callao and the Minister of Transport and Communications of Peru, Mr. Carlos Paredes were on hand to start the demolition of Patio Guadalupe – an old, abandoned train station to pave the way for a port modernization project vital to Peru’s economic growth.

The train station demolition and port construction project will create 600 new jobs in the community over the next two years. Henrik Kristensen, APM Terminals Managing Director, stated “APM Terminals Callao is bringing the latest generation of STS cranes and eco-friendly electric RTG cranes to this phase. Investing in 4 Super Post Panamax cranes with 23 container reach and 12 Electric RTG cranes is a clear commitment to develop Callao as a strategic, regional hub to generate more business for the country through a world-class, eco-friendly port."

APM Terminals assumed operational control of Callao’s North Terminal in July 2011, handling 436,117 TEUs in the first year of operations. The company invested USD 35 million in the first 12 months as part of its USD 749 million investment to update and expand the existing facility into a modern multi-purpose terminal serving general, Ro-Ro, break bulk, containerized cargoes and cruise ships.

Future planned improvements by APM Terminals include the purchase and installation of 12 new post-Panamax STS cranes and 36 new RTGs. Further investment will be done to accommodate the growing general cargo and grain business.

Located on the West Coast of South America, Peru is the 20th-largest nation in the world in area with a population of 29.5 million. The Peruvian economy grew by 6.2% in 2011, for a GDP of $168 billion USD. It is the 5th-largest economy in South America, and has been projected by the IMF to expand by 5.5% in 2012.


 

Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Wärtsilä to Begin Building LNG Terminal in January

Wärtsilä has been given full notice to proceed (NTP) from Manga LNG Oy for the supply of a liquefied natural gas (LNG) import terminal in Tornio, Northern Finland.

Optimarin ,Goltens Ink BWT Retrofit Agreement

Ballast Water Treatment (BWT) specialist Optimarin and Goltens, a provider of engineering and installation solutions for the shipping industry, have signed a nonexclusive

Ennsub Delivers ROV Deployment Systems

Ennsub has completed the design and manufacture of two workclass remotely operated vehicle (WROV) deployment systems for ROVOP, due to be installed into a newbuild

Ports

Wärtsilä to Begin Building LNG Terminal in January

Wärtsilä has been given full notice to proceed (NTP) from Manga LNG Oy for the supply of a liquefied natural gas (LNG) import terminal in Tornio, Northern Finland.

Benghazi Port Still Closed, Imports Rerouted

The commercial port in Libya's second city, Benghazi, remains closed due to fighting between pro-government and Islamist forces, forcing wheat imports to make a detour via Tobruk harbour,

EGAS Tenders for as many as 48 LNG Cargoes

Egypt's state-owned gas company EGAS has tendered to buy at least 48 cargoes of liquefied natural gas (LNG) for delivery in 2015/16, three traders said. A senior

 
 
Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Salvage Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2253 sec (4 req/sec)