APM sells Aliağa terminal stake
APM Terminals has sold its stake in the Aliağa Izmir container terminal in Turkey to its partner Socar but will continue to operate the terminal.
No change in operations or employment is planned at the facility, to be called Petlim Container Terminal, which Socar will now own 100% of and which APM Terminals said “is better suited to further develop the terminal.”
“APM Terminals and SOCAR have agreed that we will continue to manage the container terminal in the same way as we have done from the beginning. There will be no change in operations nor services,” stated Leo Huisman, head of terminals Europe at APM Terminals.
The Aliağa Izmir terminal was completed at the end of 2016 and features a 700m quay and 42 hectares of terminal area, enabling an annual capacity of 1.3m teus.
Maersk Line, SeaLand, Safmarine, Hamburg Süd and other carriers will continue to call at the terminal.
A long-term contract, which is still subject to customary approvals, will take effect post-change of ownership, and is expected to be concluded by the end of the year.
In the past year APM Terminals has sold its stake in a Zeebrugge terminal to Cosco and ended its interest at the Port of Paranagua in Brazil.
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