{"id":6987,"date":"2009-04-24T12:24:00","date_gmt":"2009-04-24T11:24:00","guid":{"rendered":"https:\/\/portstrategy.nfdtesting.uk\/greenport\/2009\/04\/24\/apm-terminals-blows-hot-and-cold-at-tanger-med\/"},"modified":"2009-04-24T12:24:00","modified_gmt":"2009-04-24T11:24:00","slug":"apm-terminals-blows-hot-and-cold-at-tanger-med","status":"publish","type":"post","link":"https:\/\/www.portstrategy.com\/greenport\/news\/africa\/apm-terminals-blows-hot-and-cold-at-tanger-med\/","title":{"rendered":"APM Terminals blows hot and cold at Tanger-Med"},"content":{"rendered":"<p>The company is already the majority (90%) partner in a joint venture with the Akwa group, with whom it already operates a terminal in Tanger-Med I.<\/p>\n<p>APM Terminals gives three reasons for delaying investment. Firstly, there has been a 50% reduction in container traffic, which is directly impacting on cash flow. The new investment would not help the company in this respect.<\/p>\n<p>Secondly, the high level of taxation being levied in the port is a factor, with up to 30% of the workforce possibly being shed.<\/p>\n<p>Thirdly, there is difficulty in financing the project at the moment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>APM Terminals has written to Tanger-Med Special Agency announcing its intention to reschedule investment in Tanger-Med II.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[52],"tags":[],"sponsor":[],"class_list":["post-6987","post","type-post","status-publish","format-standard","hentry","category-africa"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/6987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/comments?post=6987"}],"version-history":[{"count":0,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/6987\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media?parent=6987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/categories?post=6987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/tags?post=6987"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/sponsor?post=6987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}