APMT boosts revenues by 22%

The company reported overall growth in volumes of 13% to reach 31.4m teu. Throughput fell by 9% in the important US market, but this was balanced by growth of 20% across the rest of the company’s portfolio. Some 34% of volumes were handled for customers other than APMT’s sister company Maersk Line, a higher ratio than in previous years.

“We are currently providing service to over 60 shipping lines around the world and, whereas the commercial relationship with Maersk Line remains very strong, we are furthering our relationship with other major shipping lines as well to ensure we serve their needs best possible now and in the future,” commented Kim Fejfer, CEO of APM Terminals.

The company invested US$853m in its facilities in 2007, with new container terminals opening in Tangier (Morocco), Portsmouth, Virginia (US), Le Havre (France) and Tianjin and Xiamen (China). In addition, APMT took over the operation of terminals in Tema (Ghana) and Luanda (Angola). The Portsmouth terminal was the biggest single investment, representing a US$500m commitment to a state-of-the-art facility with a high degree of automation. Several other terminal projects are at various stages of development, according to the company.