SIPG acquires 25% of APMT Zeebrugge

APM Terminals and SIPG are currently co-investors in the 4m teu capacity Shanghai East Container Terminal (SECT) in the Port of Shanghai. The SECT joint venture, in which APM Terminals holds a 49% share, was signed in 2003. The Port of Shanghai is forecast to overtake Singapore as the world’s busiest container port within the next few years.

Opened in 2006, APM Terminals Zeebrugge has an annual capacity of 850,000 teu and will remain under the operational control of APM Terminals, which retains a 75% majority share.