The team appointed to manage the new business comes from NOL’s existing management pool. The new president of APL Terminals, Steve Schollaert, has been with the NOL Group for 18 years.
NOL group president and CEO Dr Thomas Held said: “Our terminal assets are a valuable part of our portfolio. They are a critical component in our ability to deliver reliable, time-definite services. We recognise there is potential to expand our network by securing new concessions in geographies where customer demand is greatest and congestion is an issue.”
In the US, APL Terminals operates facilities at Los Angeles, Seattle, Oakland and Dutch Harbour. Its Asian terminals are at Kaohsiung, Yokohama and Kobe. In addition, the company has investments in facilities at Ho Chi Minh City, Vietnam and Laem Chabang.