APM Terminals drives portfolio growth
APM Terminals has announced that its increased investment capital in 2015 generated $4.2bn in revenue, a profit of $645m on the year before.
The international container terminal operating company invested a total of $6.2bn in 2015, as part of ongoing plans to drive portfolio growth, and improve productivity and safety performance.
Its biggest acquisition was of the 11-facility, Spanish-based Grup Maritim TCB portfolio, to be completed in the first quarter of 2016, which will add 4.3m teu capacity to the APM Terminals network in Spain, Turkey, Mexico, Guatemala, Colombia and Brazil.
It also expanded its interest in port operations beyond the conventional container shipping market by acquiring the Vado Ligure Terminal in Italy, and purchased shares in China’s new Qingdao Port Dongjiakou multipurpose terminal and Compañia de Puertos Asociados S.A’s facility in Cartagena, Colombia.
“Despite weaker global container volume and economic growth, our portfolio management and financial performance, including a return on invested capital of 10.9%, remained on track with our long-term strategy to expand our network’s presence and capabilities to better meet the needs of our customers,” said Kim Fejfer, chief executive of APM Terminals.
In the years ahead, APM Terminals will further develop its portfolio with new deep-water terminals in Izmir, Turkey; Lázaro Cárdenas, Mexico and Ningbo, China – not forgetting terminals in Vado, Italy and Moin, Costa Rica, which will open in 2017 and 2018 respectively.