Apm Terminals News

A unit of Hong Kong conglomerate CK Hutchison said on Tuesday it had widened its claims in an international arbitration case against Panama, saying damages had now risen to more than $2 billion.Panama Ports Company, which for nearly three decades operated the Balboa and Cristobal terminals near the Panama Canal, said it had supplemented its claims in proceedings under the International Chamber of Commerce's arbitration rules, a month after what it described as the state's illegal…

China's COSCO Shipping has suspended operations at Balboa port which is located at the entrance to the Panama Canal, according to local newspaper La Prensa, which published a notice to clients from the shipping and logistics conglomerate.Balboa is one of the two ports at the center of a year-long saga involving Washington, Beijing and the Panamanian government. The move follows a ruling by Panama's Supreme Court in late January that annulled the contract to operate the port held by a unit of Hong Kong's CK Hutchison.APM Terminals…

Hong Kong conglomerate CK Hutchison said on Tuesday Panama authorities had threatened its employees with criminal prosecution if they refused to leave two strategic canal ports at the centre of a legal battle that has embroiled Beijing and Washington.CK Hutchison said Panama's decision to cancel key port contracts and grant temporary licences to Maersk and Mediterranean Shipping (MSC) was 'unlawful' as it considers national and international legal action against Panama and third…

Hong Kong conglomerate CK Hutchison said on Tuesday Panama authorities had threatened its employees with criminal prosecution if they defied orders to leave two strategic canal ports at the centre of a legal battle that has embroiled Beijing and Washington.CK Hutchison said Panama's decision to cancel key port contracts and grant temporary licences to Maersk and the Mediterranean Shipping (MSC) was 'unlawful' as it considers national and international legal action against the…

Hong Kong's CK Hutchison said on Wednesday its Panama Ports Company unit has started international arbitration proceedings against Panama after the country's top court annulled its licences to operate two Panama Canal ports, in a case that could take years to resolve.Panama's Supreme Court last week ruled the contracts violated Panama's constitution by giving the company exclusive privileges and tax exemptions.It is unclear how long the arbitration proceedings could take, although given the political sensitivities involving the U.S.

Panama's Supreme Court has annulled key port contracts held by a subsidiary of Hong Kong-based CK Hutchison, leaving the future ownership of some Panama Canal operations unclear and possibly upsetting its plans to sell some terminals.Panama Ports Company (PPC), a CK Hutchison subsidiary, has held contracts since the 1990s to operate container terminals at the canal's Pacific and Atlantic entrances, separate from the waterway's operations.The decision could disrupt CK Hutchison's proposed $23 billion sale of dozens of ports worldwide…

ABB has signed contracts with Rotterdam Shore Power (RSP) to engineer and construct what is expected to be the world’s largest shore power system by capacity at the Port of Rotterdam.The system will provide over 100 megavolt-amperes (MVA) of shore power capacity and is set to begin operations in the second half of 2028, serving three deep-sea container terminals.The installations aim to reduce emissions, support compliance with the EU’s FuelEU Maritime Regulation, and improve air quality in Europe’s busiest port.The project…

The third quarter of this year has broken all records when it comes to the most loaded containers transported to or from major Danish ports.Containerized goods equivalent to 137,000 TEU containers arrived at a Danish port in the third quarter, while in the other direction, containerized goods equivalent to 122,000 TEU were shipped out of Danish ports.The majority of containers to and from Denmark go via APM Terminals' container terminal in Aarhus, where there has also been a significant increase during 2025.The increase in volumes is due…

A.P. Moller – Maersk is reinforcing its long-term commitment to India's maritime sector and is intending to significantly expand its operational footprint in the country through port infrastructure investments, vessel reflagging, and enhanced local partnerships across the maritime value chain.APM Terminals Pipavav (Gujarat Pipavav Port Limited), part of A.P. Moller - Maersk, signed a Memorandum of Understanding with Gujarat Maritime Board outlining a proposed expansion with an investment scope of $2 billion.Subject to a long-term concession agreement with Indian authorities…

The Panama Canal launched a consultation process with representatives of the maritime industry to identify potential partners interested in developing port terminals on both the Atlantic and Pacific sides of the waterway.Following a process similar to that followed for the introduction of the gas pipeline project, the Panama Canal convened a group of representatives from companies with proven experience in container port operations and container shipping lines.According to institutional rules and regulations…

Canadian Pacific Kansas City said on Wednesday it and U.S.-based Lanco Group have sold the Panama Canal Railway Company to a unit of Denmark's Maersk, one of the world's largest container shipping groups.The Canadian railway company did not disclose terms of the deal, but added the deal would help it focus on its core assets in Canada, the U.S. and Mexico.The acquisition "represents an attractive infrastructure investment in the region aligned to our core services of intermodal container movement…

A.P. Moller - Maersk celebrated the name-giving of its newest dual-fuel methanol container vessel in Mumbai on February 28 as a part of the vessel’s maiden voyage to India. The vessel, named Albert Maersk, is the eleventh vessel in Maersk’s fleet capable of operating on methanol.“India is among the world's fastest-growing major economies, with a thriving manufacturing sector, a booming e-commerce industry, and expanding exports. Shipping and logistics are high on India’s priorities…

More than 45,000 U.S. dockworkers represented by the International Longshoremen's Association ratified a new six-year contract on Tuesday, formalizing a deal that offers bumper pay hikes and averts any potential disruption until 2030.Terms of the contract, previously agreed upon by the labor union and the United States Maritime Alliance, included a 62% wage hike over the life of the agreement.Both the labor union and the employer group had agreed on the wages in October, putting…

APM Terminals has awarded civil works and electrification contract for Maasvlakte II container terminal expansion in Rotterdam to CareGo, a consortium of ABB, Dura Vermeer and GMB.The expansion will cover a 51-hectare container yard, which will double the capacity of the terminal, making it one of the most advanced fully automated terminals in the world.The 51 hectares will consist of 31 additional yard blocks, quay area, truck and rail areas, and associated infrastructure.The Rotterdam Port Authority has already constructed 1,000 meters of new deep-sea quay for the expansion of the facility.

A strike by dockworkers on the U.S. East Coast and Gulf Coast that disrupted much of the nation's ocean shipping this week ended on Thursday, but a key issue driving labor unrest across the continent - the growing use of automation - was unresolved.Companies view automation as a path to better profit while unions see it as a job-killer. For North American dockworkers battling automation, Europe's port worker contracts may point a way to resolve the issue.Some 45,000 port workers…

The International Longshoremen's Association (ILA) and United States Maritime Alliance (USMX) announced in an historic development for U.S. maritime industry that they had reached a tentative agreement which officially ends the longshoremen strike that had significantly disrupted East and Gulf Coast ports. After weeks of negotiation, the ILA secured a 62% wage increase over six years for its 47,000 members over this resolution; ending labor unrest that had brought critical U.S.

Dockworkers on the U.S. East Coast and Gulf Coast began a strike early on Tuesday, their first large-scale stoppage in nearly 50 years, halting the flow of about half the nation's ocean shipping after negotiations for a new labor contract broke down over wages.The strike blocks everything from food to automobile shipments across dozens of ports from Maine to Texas, in a disruption analysts warned will cost the economy billions of dollars a day, threaten jobs, and potentially stoke inflation.The International Longshoremen's Association (ILA) union representing 45…

Plaquemines Port Harbor and Terminal District announced it signed a letter of intent (LOI) with APM Terminals (APMT) to build a container terminal on the West Bank of Plaquemines Parish, La.Plaquemines Port will lease the land to APM under a 30-year agreement with extension options. APMT, one of the largest terminal operators in the world and is a subsidiary of shipping giant A.P. Moller-Maersk, estimates the initial investment in terminal infrastructure will be approximately $500 million…

A.P. Moller-Maersk has signed a Memorandum of Understanding (MoU) with the City of Yokohama and Mitsubishi Gas Chemical. The agreement will focus on the development of green methanol bunkering infrastructure in Yokohama as Maersk’s 16,000 TEU green methanol-powered container vessels will be delivered since 2024.Maersk has a target of achieving net-zero emissions by 2040 throughout its entire business. For shipping, it will equip its 25 container vessels with dual-fuel engines capable of sailing on green methanol.

Maersk's APM Terminals has pledged a €962 million (US$1 billion) investment in its Brazilian operations up to 2026.This figure includes a €296 million of a total €483 million investment exclusively for the Phase One development of a new terminal in Suape. The terminal, located in Estaleiro Atlântico Sul, is in the final stages of acquisition and will rejuvenate infrastructure and increase competition in the port.APM Terminals has committed an additional €666 million of investment to the company’s four other terminals and inland depots, by 2026.

A.P. Moller - Maersk's container terminal operating arm APM Terminals announced the expansion of its Maasvlakte II terminal in Rotterdam, increasing the terminal's capacity by approx. 2 million TEU The project involves a site of approximately 47.5 hectares with 1,000 meters of deep-sea quay. The Port of Rotterdam Authority is now constructing the new quay walls, which will be completed by mid-2024. The new section is expected to be operational in the second half of 2026.APM Terminals opened at Maasvlakte II in 2015 as a fully automated facility with zero carbon emissions.

APM Terminals, a subsidiary of Danish shipping company Maersk, plans to double its capacity at Rotterdam Port, a spokesperson for the company said on Tuesday. APM, one of the largest operators at the port, currently operates a one-kilometer-long quay in Rotterdam capable of loading and discharging the largest class of deep-sea container ships. The spokesperson said they could not provide financial details ahead of a formal announcement planned for Friday. (Reuters - Reporting by Toby Sterling; editing by Jason Neely)

Danish shipping and logistics giant A.P. Moller-Maersk has appointed a pair of executives to lead transformation at its towage and terminals subsidiaries.Sabrina Weymiens has been named Head of Transformation at towage provider Svitzer, and Charlotte Guillaumie has been named Head of Strategy and Transformation at port operating company APM Terminals.Kasper Nilaus, CEO at Svitzer said, “We are delighted that Sabrina has accepted this new role and will help secure steady progress on our transformation roadmap.