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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Brexit will Affect Maritime Talent

The UK’s decision to leave the EU has the potential to drive many of its maritime employees away, according to the results of a survey issued by Faststream, a recruitment specialist in Maritime jobs.

“Twiggy” Baker Wins BWT Puerto Escondido Challenge

Grant “Twiggy” Baker (ZAF) claimed victory today at the Puerto Escondido Challenge, besting a field of 24 of the world’s best big wave surfers in towering 20-to-35

Winners of International Seafarers' Welfare Awards

The winners of ISWAN's International Seafarers' Welfare Awards 2016 were announced on 24th June at a high-profile ceremony held in Manila, the Philippines. The

Ports

Panama Canal Officially Opens $5.25Bln Expansion

A 984-foot Chinese container ship was greeted with fireworks and cheers from a crowd that had gathered, when it made an inaugural passage through the newly expanded Panama Canal on Sunday,

The Historical Passage of Cosco Shipping Panama

The Chinese giant Cosco Shipping  has made the inaugural transit on Sunday June 26, 2016  through the expanded Panama Canal expansion project , event appreciated

MPA to Enhance Collaboration with Rotterdam Port

Chief Executive of the Maritime and Port Authority of Singapore (MPA), Andrew Tan, attended the second Port Authorities Roundtable (PAR) in Rotterdam.    Hosted

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Offshore Oil Pod Propulsion Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | 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: 0.0882 sec (11 req/sec)