Kim Fejfer News

It's oficial now. Danish conglomerate A.P. Moeller-Maersk A/S said Thursday it is splitting into two separate units - transport and energy businesses. Denmark’s biggest company moves ahead with an historic shake-up of the conglomerate to generate growth, as it battles with the worst shipping downturn in years and a historic oil-price rout. "As announced on 23 June 2016, the Board of Directors has tasked the management of A.P. Møller - Mærsk A/S to perform a review focusing on the strategic and structural options for the Maersk Group with the objective of generating growth, increasing agilities and synergies and unlocking and maximising shareholder value with the long-term view," says a press release from the company. The main growth focus of A.P.

The first of ten ship-to-shore (STS) cranes at the APM Terminals Los Angeles Pier 400 facility was raised 33 feet (10 meters), making it the tallest port crane in North America and will be ready for vessel operations in the next few months. To create an even safer place to work, an additional feature of the upgraded cranes is the installation of Light Emitting Diode (LED) illumination, which will improve operator visibility and accuracy of the cranes’ Optical Character Recognition (OCR) programs. The cranes will use 60% less energy than conventional lighting systems. The crane heightening project is designed to prepare for regular Ultra-Large Container Vessel (ULCV) calls in the trans-Pacific trade lanes, carrying up to 20,000 twenty-foot equivalent containers (TEUs) per vessel.

The Port of New York and New Jersey is the largest port on the US East Coast and third largest in the United States with 6.37 million TEU handled in 2015. In 2014, The Port Authority of New York and New Jersey committed to a ten year, agency-wide capital investment campaign for transportation infrastructure. Over USD 200 billion in cargo value moves through the port that serves one of the most attractive consumer markets in the United States with a population of 20 million located within three hours of the port. APM Terminals’ Port Elizabeth facility is one of the largest container terminals in the port complex, handling over 2,100 trucks a day, 4000 terminal gate transactions and more than 500 vessel calls per year.

APM Terminals has graduated another 19 competitively selected managers from across the APM Terminals Global Terminal Network from the MAGNUM accelerated leadership training program at a formal ceremony in The Hague. Members of this year’s class represented 16 countries in Europe, Latin America, Africa and Asia. Divided into four modules, specific training segments took place in Switzerland, The Netherlands, Brazil, and a combined session split between Ghana and India. Participants also took part in specific year-long projects designed to enhance leadership skills and address company management goals. “We are fortunate to have such talent across our portfolio. Our global, diverse workforce is clearly our competitive advantage.

APM Terminals CEO Kim Fejfer addressed the challenges facing port operators in today’s volatile market as well as the requirements for success, calling for investment, consolidation and rationalization in the port industry. “The need for change has been more pronounced in the past two years than in the past 20 years,” Fejfer said, presenting the Terminal Operators’ keynote address at the 18th Annual Global Liner Shipping Conference. “Changes in shipping require not only investment and increased efficiency at the individual port level…

The world's third largest port operator APM Terminals said it will invest 758 million euros ($858.3 million) in a new transhipment terminal in Tangier, Morocco, that will be the first automated terminal in Africa. The new container terminal will have an annual capacity of five million 20-foot equivalent units (TEU), and APM Terminals has the right to operate the port for 30 years. APM Terminals, a unit of Denmark's shipping and oil group A.P. Moller-Maersk, is currently operating a port facility in Tangier that handled 1.7 million TEUs in 2015. A.P. Moller-Maersk also controls the world's largest container shipping company, Maersk Line and it has committed to use the new facilities.

Port operator APM Terminals to develop a new transshipment terminal in Tangier, Morocco with an annual capacity of five million TEUs. APM Terminals MedPort Tangier will become operational in 2019, serving multiple trades and will be the first automated terminal in Africa. The 30-year concession of APM Terminals MedPort Tangier will complement the current operations of the existing APM Terminals Tangier facility. APM Terminals has been named as the operator of a new container transshipment terminal at the Tanger Med 2 port complex. APM Terminals already operates the APM Terminals Tangier facility at Tanger Med 1 port, which started operations in July of 2007 and handled 1.7 million TEUs in 2015. The new terminal will have annual capacity of five million TEUs.

APM Terminals (APMT) is continuing with its new deep-water semi-automated Lázaro Cárdenas Terminal 2 (TEC2) project, which represents an overall investment of US$900 million, despite the slow Latin American economic growth, and sluggish global container shipping growth rate. Once complete, TEC2 will have an annual throughput capacity of 1.2 million TEUs. Overall throughput at the Port of Lázaro Cárdenas increased 6 percent in 2015 to 1.05 million TEUs, following Manzanillo on Mexico’s east coast with 2.4 million TEUs handled in 2015, according to APM Terminals. APM Terminals said the fully built TEC2 will double the quayside to 1,485 meters, increase the number of STS cranes from seven to 15, and more than double annual throughput capacity to 4.1 million TEUs.

APM Terminals has completed the USD 1 billion acquisition of Spanish Grup Maritim TCB’s port and rail interests. APM Terminals has yet to receive approval for three of 11 terminals under Grup Maritim TCB, but has decided to move ahead with the acquisition, as the remaining terminals constitute less than 5% of the value of the acquisition. The acquisition thus adds 8 ports with a combined 2 million TEU equity-weighted volume to APM Terminals, expanding the network to 72 operating ports, across 69 countries. The acquisition complements APM Terminals current portfolio, adding 7% throughput in key locations including Spanish container terminal concessions in Barcelona, Valencia and Castellon, on the Mediterranean coast, along with the concessions in Gijon, on the Bay of Biscay.

APM Terminals’ increased invested capital to USD $6.2 billion in 2015 as ongoing strategic plans to drive portfolio growth, improve productivity and safety performance, generated USD $4.2 billion in revenue, and a profit for the year of USD $654 million. Portfolio throughput weighted by equity share was 36 million TEUs for 2015, and when not including the divestment or exit of operations in Houston, Jacksonville, and Charleston, USA and a share in the Med-Center Terminal in Gioia Tauro, Italy, volume declined 1.1% from the year prior, while the overall global container market grew by 1.3%. Lower oil prices in 2015 affected APM Terminals bottom line, as reduced oil revenue resulted in declines in import cargo into oil producing countries in West Africa, Russia and Brazil.

APM Terminals and Colombian-based port and terminal operating company, Compañia de Puertos Asociados S.A. (Compas S.A.) have finalized the incorporation of Cartagena Container Terminal Operator (CCTO), a new joint venture which will manage and operate Compas S.A.’s existing multipurpose facility in Cartagena, Colombia. APM Terminals will hold a 51% majority share in the operation, which includes annual throughput capacities of 250,000 TEUs and 1.5 million tons of general cargo. “We are proud to expand the APM Terminals Global Terminal Network into this important South American market in partnership with such a highly respected business as Compas SA, and we look forward to building upon their achievements in the port of Cartagena” said APM Terminals CEO Kim Fejfer. CCTO and Compas S.A.

Thousands of port employees around the world have enthusiastically contributed their time and effort to a joint environmental initiative launched by marine terminal operators DP World, Hutchison Port Holdings Limited (HPH), APM Terminals, PSA International and Shanghai International Port Group (SIPG) – five of the world’s largest port operators, and joined by the Port of Rotterdam Authority (PRA). The week-long campaign from 14 to 21 September entailed joint activities to pioneer a green drive across operations worldwide, while bringing sustainable change to the communities they impact. In unifying their global resources to realise environmental benefits, the port operators developed various initiatives around three main themes: reuse and recycle, climate change and the community.

The APM Terminals Global Terminal Network will enter China’s fastgrowing grain import market as part of a joint venture with Qingdao Port International, continuing APM Terminals’ ongoing expansion into port and terminal operations outside containerised cargo handling. The newly developed Qingdao Port Dongjiakou Multi-Purpose Terminal, in which APM Terminals will hold a 20% share, is located on China’s Bohai Rim in the Shandong province, on the Yellow Sea. The Port of Qingdao is one of the world’s busiest ports,ranking seventh globally handling a total of 468 million metric tons in 2014. Qingdao’s new Dongjiakou Port area is set to become a national hub of Chinese bulk and energy cargos, with a projected volume of more than 300 million metric tons handled annually in this new complex.

APM Terminals announces the agreement to purchase the remaining 39% shareholder of Grup Maritim TCB. On 8 September 2015, APM Terminals announced the agreement with Perez y Cia to acquire their majority share (61%) in Grup Maritim TCB. As a result, APM Terminals has agreed to acquire 100% of the issued shares and to become the sole controlling shareholder of Grup Maritim TCB. The implied enterprise value of the transaction is approximately USD 1 billion with expected capex investments of USD 400 mill over the next 5 years, subject to market conditions. In the short term the acquisition will be ROIC dilutive due to ongoing investments in Guatemala and other growth markets.

APM Terminals has reached an agreement with Perez y Cia to acquire their majority stake in the Barcelona-based Grup Maritim TCB and its maritime services’ container terminal portfolio in Europe and Latin America. Grup Maritim TCB has 11 container terminals with an annual throughput capacity of 4.3 million TEUs and an estimated annual container volume of 3.5 million TEUs. The transaction is expected to close by the end of the year and is subject to certain conditions precedent, including relevant approvals. Terms and price were not disclosed. Grup Maritim TCB consists of Spanish container terminal concessions in Barcelona, Valencia and Castellon…

APM Terminals has reached an agreement with Perez y Cia to acquire their majority stake in the Barcelona-based Grup Maritim TCB and its maritime services’ container terminal portfolio in Europe and Latin America. Grup Maritim TCB has 11 container terminals with an annual throughput capacity of 4.3 million TEUs and an estimated annual container volume of 3.5 million TEUs. The transaction is expected to close by the end of the year and is subject to certain conditions precedent, including relevant approvals. Terms and price were not disclosed. Grup Maritim TCB consists of Spanish container terminal concessions in Barcelona, Valencia and Castellon…

Port operator APM Terminals, part of Denmark's A.P. Moller-Maersk, is buying 11 container ports from Spanish shipping and logistics group Perez y Cia to boost its presence in emerging markets and better serve bigger container vessels. No terms were given for the deal, which will increase APM Terminals' container ports to 74 from 63 including terminals in Colombia, Brazil and Mexico, but Nordea Markets estimated an enterprise value of around 1.35 billion euros ($1.5 billion), based on similar deals and other companies in the sector. APM Terminals Chief Executive Kim Fejfer said on Tuesday the deal would make the company better prepared to handle new alliances among container shipping companies and their new bigger vessels. The deal comes a day before A.P.

Global marine terminal operators DP World, Hutchison Port Holdings Limited (HPH), APM Terminals, PSA International and Shanghai International Port Group (SIPG) – five of the world’s largest port operators, and joined by the Port of Rotterdam Authority (PRA), have launched the first ever joint industry initiative of this magnitude to promote environmental awareness and make a sustainable difference in the communities in which they operate. The campaign will take place between 14 - 21 September this year with focus on three main themes: re-use and recycling, climate change and the communities in which the industry giants operate. A range of activities covering all three themes will be organised by the participating port operators’ local business units to tackle and raise awareness globally.

APM Terminals and Colombian-based port and terminal operating company, Compañia de Puertos Asociados S.A. (Compas S.A.) have signed a joint venture agreement to jointly manage and operate Compas S.A.’s existing multipurpose Cartagena Terminal. APM Terminals and Compas S.A. will jointly invest over USD $200 million in upgrading and expanding the Cartagena Terminal, including state-of-the-art terminal equipment. The upgrade will triple annual throughput capacity for the terminal to handle the larger vessels transiting the widened Panama Canal. While Compas S.A. will continue to be the concession holder, APM Terminals will hold a 51% majority share in the joint venture that will run the facility.

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.

Port operator APM Terminals, a unit of Denmark's A.P. Moller-Maersk, said it would sell a big U.S. container terminal to infrastructure investor Alinda Capital Partners and a British private pension fund. The companies, in a joint statement on Tuesday, did not disclose the price that Alinda and Universities Superannuation Scheme Limited will pay for APM Terminals Virginia, the deep-water terminal in Portsmouth, Virginia. The terminal, which APM describes on its website as the largest privately owned terminal in North America…

APM Terminals and Brookfield Asset Management announce the formation of a joint venture at APM Terminals’ Port Elizabeth, New Jersey facility, subject to the Port Authority of New York/New Jersey and regulatory approvals which are targeted to be received in the next couple of months. The joint venture company, APM Terminals Elizabeth, a Brookfield and APM Terminals joint venture, will be equally owned by Brookfield and APM Terminals. The current APM Terminals management team consisting of Brian Clark…

APM Terminals Apapa named “Best Terminal Operator of the Year” at Nigerian Maritime Excellence Awards in Apapa, Nigeria. APM Terminals Apapa, which assumed operational control of the facility in 2006, is now the busiest container terminal in West Africa, with an estimated throughput of 720,000 TEUs this year, up from 650,000 TEUs in 2011. “This recognition by Nigeria’s maritime journalists is a great honor for our operation and for the nearly 1,000 Nigerians working at APM Terminals Apapa who have worked so hard to achieve this great success” stated APM Terminals Apapa Managing Director Dallas Hampton. Established in 1988, the purpose…