Leaders from the port group met with APM Terminals executives in The Hague to sign a Memorandum of Understanding (MOU) for the venture but terms and investment amount were not disclosed.<\/p>\n
APM Terminals Vado is a new terminal in northern Italy, which when opened in January 2018 will handle both containerised and liquid bulk cargoes.<\/p>\n
It will be integrated operationally with the existing 275,000 annual teu capacity Vado Reefer Terminal facility, which was acquired by the operator in August 2015.<\/p>\n
APMT is also a minority shareholder in the Qingdao Qianwan Container Terminal (QQCT) in China where a major expansion of the facilities at the port is now underway.<\/p>\n
The Port of Qingdao is located in the Shandong Province on the Yellow Sea and is one of northern China\u2019s major ports. It is the seventh busiest container port in the world with throughput of 16.6m teus in 2014.<\/p>\n
The Italian government is providing \u20ac300m for civil works for the port project, while APM Terminals is investing \u20ac150m in the new terminal which will create 450 new jobs when operations commence.<\/p>\n
In 2014, the ports of northern Italy\u2019s Liguria range handled a combined 3.5m teus which was an increase of approximately 6% compared with the previous year.<\/p>\n","protected":false},"excerpt":{"rendered":"
APM Terminals has brought in experts from the Qingdao Port Group to create a new joint venture for the APM Terminals Vado port project in Italy.<\/p>\n","protected":false},"author":8,"featured_media":9495,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15],"tags":[],"sponsor":[],"class_list":["post-9494","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-europe"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/9494","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=9494"}],"version-history":[{"count":1,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/9494\/revisions"}],"predecessor-version":[{"id":9496,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/9494\/revisions\/9496"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media\/9495"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media?parent=9494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/categories?post=9494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/tags?post=9494"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/sponsor?post=9494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}