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

People & Company News

IBIA Celebrates 23th Annual Dinner

Association appoints new board members and sets priorities for the future   The International Bunker Industry Association (IBIA) has appointed three new members

OSV Delivered to MC2 in Dubai

Marine Core & Charter LLC (MC2) headquartered in Dubai has taken delivery of the new build PETRA-1, the first of two, 45-meter Fast Offshore Support Vessels in

Baltic Index Pauses at Record Low

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, ended flat on Thursday after declining for 12 straight sessions

Ports

Port of LA’s January Volumes Up 33%

704,398 TEUs leads Los Angeles to busiest January in port history    The Port of Los Angeles handled 704,398 Twenty-Foot Equivalent Units (TEUs) in January 2016,

First ‘Reachstacker’ Starts Duty in the Port of Ravenna

Liebherr Maritime Cranes delivered a LRS 545, the first model out of the new reachstacker series, to the Italian Port of Ravenna.   The Port of Ravenna is one

Innovative Equipment Will Help Unload Listing Ship

Following Smit Salvage’s salvage of the stricken ship Modern Express in the Gulf of Biscay, another Rotterdam company has now become involved in the rescue operations.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Pipelines Pod Propulsion Port Authority Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
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: 0.1320 sec (8 req/sec)