Terminal Of Apm Terminals News

The international container terminal operating APM Terminals said that its port of Poti has presented its plans for the creation of a deep-water port to the Government of Georgia.The plans require an investment of over 250 million USD of private capital for phase 1 and a substantial amount for phase 2 in an extensive development of the port infrastructure and superstructure.“This investment in the strategically important port of Poti is a proof of our commitment and belief in Georgia and the development of a transport corridor that stretches into Central Asia,” explained Keld Christensen, Managing Director of APM Terminals Poti.“The…

The Netherlands-based terminal operator APM Terminals, a subsidiary of Maersk Group, has signed a letter of intent for the sale of APM Terminals Rotterdam to Hutchison Ports, owner of the adjacent ECT Delta terminal.The complete transfer of shares is based on the agreement that, in the short term, APM Terminals Rotterdam will continue to exist as an independent organisation with a 5-year volume guarantee from parent company, A.P. Moller-Maersk and no forced redundancies within 4 years of signing the agreement.Under the ownership of Hutchison Ports, APM Terminals Rotterdam will have the opportunity to grow into a leading, modern, future…

The electrical capacity of the APM Terminals Barcelona has also been improved, leading to a reduction in CO2 emissions of 600 tonnes per annum, said the international container terminal operating company headquartered in The Hague.As part of a broader Port of Barcelona’s programme for alternative fuel use, APM Terminals is also working with LNG services provider HAM, technology provider IDIADA and Naturgy Iberia, on a pilot to convert an existing straddle carrier to natural gas.Natural gas burns a lot more cleanly and efficiently than diesel. The straddle carrier’s two 150 kW diesel-based motor engines are currently being converted to natural gas while maintaining the same level of performance.

Workers at Greece's second-biggest port, Thessaloniki Port, will walk off their job for a few hours on Wednesday to protest the port's sale, a key condition of the country's international bailout. The sale was launched in 2014 but has been plagued by delays and political resistance. As part of its privatisation drive under its latest bailout, Greece has given investors until March 24 to submit binding bids for a 67 percent stake in the port and taking over its operation for 40 years.

APM Terminals Lazaro Cardenas, Mexico’s largest semi-automated terminal, received its first official vessel call today with the arrival of the 9,600 TEU capacity Maersk Salalah on the AC2 Transpacific service from Asia. “This is a milestone as we add an additional operational terminal to our portfolio. A priority for us is to transition terminals under implementation into operation, and make them as efficient as possible to support our customers.” said Morten H. Engelstoft, CEO of APM Terminals. “We have a significant portfolio across Latin America, and this will be our second terminal in Mexico after Yucatan. We are pleased to be a contributor in helping Mexico to reach its growth ambitions,” Morten added.

Greece has given investors until March 24 to submit binding bids for a majority stake in its second biggest port, Thessaloniki Port, two sources close to the matter said on Tuesday. The sale of the 67 percent stake in the port and other privatisations are a key part of the country's current EU/IMF international bailout deal, the third since 2010. But the programme has fallen behind schedule due to political resistance and red tape, and has raised only 4 billion euros ($4.3 billion) so far versus an original target of 50 billion euros.

The Port of Los Angeles has received an $800,000 grant from the U.S. Environmental Protection Agency (EPA) to deploy green commercial equipment for moving cargo. The award will pay between 25 to 40 percent of the cost to replace and upgrade 18 pieces of yard equipment at two Los Angeles container terminals, with the full complement due to be in service by fall 2018. Two terminal operators, APM Terminals Pacific Ltd. and TraPac LLC, are funding the lion’s share of the $3 million project. APM Terminals will invest more than $2 million to replace 16 yard tractors with new equipment powered by Tier 4 clean diesel engines. TraPac will spend $174,000 to repower two heavy-duty forklifts with Tier 4 engines.

Greek port workers walked off the job for a sixth day on Tuesday and marched through central Athens to protest the state-sanctioned selloff of the country's two largest ports, Piraeus and Thessaloniki. Privatisations have been a pillar of a succession of international bailouts for Greece since 2010, but political resistance and bureaucracy has stymied the task. From an initial target of 50 billion in revenue from asset sales, Greece has barely managed to scrape together 3 billion euros. Fearing layoffs, port workers have been on 48-hour rolling strikes since last week and have said they will not return to work unless their requests are addressed. "Everything, taxes, bills, the living cost, is going up. Daily food has become more expensive.

Greece will invite investors to submit binding bids for a majority stake in the country's second largest port in Thessaloniki at the end of September, sources close to the privatisation said on Monday.   Under its third international bailout agreed in July, Greece will sell a 67 percent stake in the port. Investors will be asked to make mandatory investments of about 220 million euros in the port, one of the sources said.   Denmark's container terminal operator APM Terminals, Phillipines-based International Container Terminal Services ICTS and Dubai-based P&O Steam Navigation Company (DP World) were strongly interested in the Thessaloniki port, the head of the country's privatisation agency said last month.   (Reporting by Angeliki Koutantou)

Throughput at Cai Mep International Terminal, the APM Terminals facility in Vietnam’s Ba Ria‐Vung Tau province, southeast of Ho Chi Minh City, expanded by 130 percent in the first quarter as new service calls added in 2015 began to impact volumes. The container volume has surged by 130% to 277,303 TEUs for the first three months of 2016, as compared with the same period a year ago. This growth follows an 80% expansion in container traffic at CMIT in 2015 over the year prior, to 724,768 TEUs. CMIT, part of the APM Terminals Global Terminal Network, is a deep-water facility located in the Ba Ria‐Vung Tau Province, southeast of Ho Chi Minh City, and is capable of accommodating larger deep draft vessels of up to 15,000 TEU capacity, now cascading into Vietnamese trade routes.

APM Terminals, the port terminal operator arm of Danish shipping conglomerate AP Moller-Maersk A/S, has signed an agreement to enlarge 10 STS cranes at its Pier 400 facility in the Port of Los Angeles. The 10 STS cranes will be the tallest in service at any port in the United States, capable of handling ultra-large containerships with capacities of up to 20,000 TEUs, according to port terminal operator APM Terminals. The contract was signed at a ceremony held at the APM Terminals Pier 400 Los Angeles facility,the world’s largest proprietary container terminal, by representatives of APM Terminals and Shanghai-based ZPMC, which has been selected to perform the crane modifications on the terminal’s existing Noell STS cranes.

China's Cosco sole bidder for the country's biggest port. Greece will evaluate on Wednesday an improved bid that China's Cosco is due to submit for a majority stake in Piraeus Port, a senior official at the privatisation agency (HRADF) said on Monday. Cosco was the sole bidder for a 67 percent stake Piraeus Port Authority (OLP), the manager of the country's biggest port which is a gateway to Asia, eastern Europe and north Africa. The agency has asked Cosco to improve its offer. "HRADF's board is scheduled to convene Wednesday evening to assess an improved offer that Cosco will have submitted by then," the official told Reuters on condition of anonymity. The official said if Cosco's bid was not satisfactory the agency could ask the company to improve it further.

Greece only received a bid from China's Cosco Group for a majority stake in Piraeus Port Authority, the operator of the country's biggest port, the privatisation agency said on Tuesday. The leftist government of Alexis Tsipras halted the port privatisation after winning elections in January last year but resumed the process under the 86 billion-euro bailout deal it agreed with its euro zone partners in August. Privatisations, a key element of Greece's bailouts since 2010, have produced revenue of only 3.5 billion euros so far. Athens concluded a 1.2 billion-euro airport leasing deal with Germany's Fraport in December, hoping this would help it to meet its target for privatisation proceeds of 3 billion euros this year.

China’s Cosco Pacific is understood to be the only party interested in the acquisition of the 51 percent stake (plus another 15 percent) of Piraeus Port Authority (OLP), reports Kathimerini. Alexis Tsipras's government had halted the sale after winning elections in January but resumed the process under the 86 billion-euro bailout deal it agreed with its euro zone partners in the summer. The deadline for final bids was 1700 GMT on Monday. The Hong Kong-listed firm was the only party to submit a timely binding offer in the context of the tender proclaimed in 2014 by the state privatization fund (TAIPED) by Monday’s deadline, four hours before it expired. All signs point to the absence of a second offer for the stake, which could have created some competition for the asset up for sale.

Greece said that final bids for a majority stake in Piraeus Port Authority, operator of its biggest port, were submitted on Monday but the prospective buyers will not be made public until early next month. Alexis Tsipras's government had halted the sale after winning elections in January but resumed the process under the 86 billion-euro bailout deal it agreed with its euro zone partners in the summer. The deadline for final bids was 1700 GMT on Monday. "The procedure for the submission of binding offers for Piraeus Port Authority was completed today," the country's privatisation agency (HRADF) said in a statement. The agency said there will be an announcement on Jan. 12 when the bids will be unsealed.

Greece expects binding bids to be submitted later on Monday for a majority stake in Piraeus Port Authority, operator of its biggest port, but will not announce the prospective buyers before early next month, two sources at the country's privatisation agency (HRADF) said on Monday. The leftist government of Alexis Tsipras had halted the sale after winning elections in January but resumed the process under the 86 billion-euro bailout deal it agreed with its euro zone partners in the summer. The deadline for final bids ends at 1700 GMT on Monday. A senior HRADF official said the bidders will not be announced before early January when foreign observers on the agency's board and experts attend the opening of the offers. "Everyone should be present when the offers are opened," the official said.

Greece has pushed back the date for the submission of binding bids for the sale of its biggest port Piraeus (OLP) by two weeks to Dec. 15 upon investor request, the head of its privatization agency said on Thursday.   China's Cosco Group, Danish container terminal operator APM Terminals and Philippines-based International Container Terminal Services were to submit bids on Dec. 3 for a 51 percent stake in OLP.   "Investors have asked for a two-week extension... to have enough time to check (the company's) financial data", the head the privatization agency, Stergios Pitsiorlas, told Reuters. (Reporting by Angeliki Koutantou)

Greece has pushed back the date to submit binding bids for a majority stake in its biggest port Piraeus to Dec. 3, the head of its privatization agency said on Friday. China's Cosco Group, Danish container terminal operator APM Terminals and Philippines-based International Container Terminal Services were to submit bids on Oct. 30 for a 51 percent stake in OLP. But an early Sept. 20 election held up work and the deadline was pushed back. "We had some delays with the concession agreements so we moved the date to Dec. 3," the head of Greece's privatization agency Stergios Pitsiorlas told Reuters. Setting a date for binding bids for Piraeus and Thessaloniki ports is one of the actions Athens needs to take to unlock the next tranche of its 86 billion euro international bailout.

APM Terminals Maasvlakte II held a ceremony  to celebrate the opening of the world’s most automated container terminal. The  event that was attended by Dutch King Willem-Alexander and 500 representatives of the port industry and governments from around the world. This is claimed to be the most technologically advanced and most durable container terminal in the world. Built on land reclaimed from the North Sea – the port is described by APM Terminals as an engineering marvel that will set the pace for other ports worldwide in sustainability, higher productivity, safety and innovation. The total cost of the investment is said to be EUR 500 million.

Greece has asked three firms to submit binding bids by September for a majority stake in the country's biggest port, Piraeus, a senior privatisation official told Reuters on Thursday, unblocking a major asset sale. Greece had shorlisted China's Cosco Group and four other groups for a 67 percent stake in Piraeus Port last year but the sale was halted after Prime Minister Alexis Tsipras's leftist government came to power this year. Pressing ahead on the sale is expected to be one of the major concessions offered by Tsipras to EU and IMF lenders during ongoing talks to secure aid. Athens late on Wednesday wrote to investors with an amended invitation to bid for 51 percent rather than the previous 67 percent stake, the official said.

The Greek government plans to delay the privatization process for its largest Port, Piraeus, by a few weeks due to delays caused by the September 20 election to the works of the ministries involved in the procedure, reports Reuters. The successful investor was previously expected to be announced by the end of September or in early October. “We will fall behind by about 20 days because the concession agreement that the shipping and finance ministries have to sign is causing a short delay,” an official said. The privatisation of the port was a requirement of the third bailout agreed with the country's creditors. China's Cosco Group, Dutch container terminal operator APM Terminals and Philippines-based International Container Terminal Services have until Oct.

APM Terminals Pipavav (Gujarat Pipavav Port), one of western India’s fastest growing gateway ports has been awarded the Inland Container Depot (ICD) Preferred Terminal of the year at the 4th edition of the Gujarat Star Awards held in Ahmedabad. The port has been given this award for two consecutive years. Last year the port was awarded “ICD preferred port of the year 2014” at the 3rd Gujarat Star Awards. APM Terminals Pipavav received this award as it has always maintained highest standards of operational performance, year-on-year growth, hi-tech facilities and customer satisfaction. Organized by Daily Shipping Times, Gujarat Star Awards has set a benchmark for recognizing excellence of companies or individuals in the maritime and logistics sector of Gujarat. The award was received by Mr.

Greek dock workers walked out on Thursday in protest at the planned privatisations of the country's two biggest ports, a condition of a multi-billion euro bailout from international lenders. Setting a date to submit binding bids for Piraeus and Thessaloniki ports is one of the actions that Athens needs to conclude its first bailout review and unlock more funds for its 86 billion euro bailout. Shipping ministry officials said the industrial action did not appear to be disrupting traffic at the ports. A statement from the dock workers' labour union vowed to avert privatisations and accused the government of attempting to sell out to "foreign owned monopolies". "Ports should be developed by utilizing own capital, through credit facilities and tapping European Union funds," it said.