APMT to operate major Turkish port
Global terminal operator, APM Terminals (APMT) and Turkish petrochemical company, Petkim, have signed an agreement to create a new container and general cargo terminal, Aegean Gateway Terminal (AGT) at Turkeys Petkim Port.
AGT will be one of Turkey’s largest container and general cargo terminals will be operated entirely by APMT under a concession agreement for a period of 28 years, with an option to extend this.
The initial capacity of the new terminal will be 1.5m teu, 50% more than the capacity of the current city port of Izmir.
Petkim Port, which is located in the petrochemical complex in Nemrut Bay, will offer 15.5m water depth and access to Turkey’s high growth petrochemical market.
Kim Fejfer, CEO, APMT, said: “Turkey is a very important high growth market which we are pleased to enter together with strong and well respected business partners such as Petkim Petrokimya Holding AS. We look forward to establishing a long term presence in Turkey and applying our customer and safety focus into further developing the Izmir area into a key strategic logistics centre.”
The terminal will be constructed by Petkim, but under the company’s technical and operational requirements.
The initial investment for the container terminal is around US$400m, with further investments depending on market demand.
Operations are expected to start in summer 2015.
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