APMT prepares for high growth markets
APM Terminals is preparing to invest in high growth emerging markets such as Africa, Latin America and South and Southeast Asia, as industry projections reveal that capacity and congestion issues will boost container volumes.
Although global container volumes are not predicted to grow as rapidly over the next five years as they have over the past decade, high growth emerging markets will require higher levels of productivity and rely heavily on expanded inland services, according to Martin Gaard Christiansen, chief commercial officer at APMT.
Michael Kaasner Kristiansen, managing director of Inland Services for Latin America, APMT, said: “Latin America still has significant containerisation potential. Current portside infrastructure shortcomings can be compensated for through the increased use of inland container depots (ICDs), and enhanced port productivity and efficiency.”
In a bid to keep up, APMT is focusing its investment on productivity gains and infrastructure in these markets and is due to open Brasil Terminal Portuário at the Port of Santos this year. New terminal projects also underway include those in Moin, Costa Rica and Lazaro Cardenas, Mexico, as well as an extensive modernisation and expansion programme in Callao, Peru.
APMT says the movement of cargo such as soybeans, grains and sugar from Brazil and Bolivia, minerals from China and Peru and refrigerated products from Chile, Ecuador and Costa Rica, will continue to transition from break bulk and general cargo vessels to containerised liner trades as global trade patterns and economic growth continue to favour cross trade between emerging markets.
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