APMT to operate major Turkish port

The initial investment for the container terminal is approximately US$400m with further investments depending on market demand. The construction of the terminal is to be carried out by APMT’s partner but under APM Terminals’ technical and operational specifications.

Petkim’s port is located in the petrochemical complex of Petkim in Nemrut Bay and close to Izmir – the second largest industrial city in Turkey, with a rapidly growing population of 4m.
The hinterland for the port is the Aegean Region with a population of 9.6m. With current market utilisation already at 90%, the area needs more port capacity to service growth.

Container volume growth in the Izmir area is driven by a combination of industrial manufacturing, import of consumer goods for a rapidly growing population and agricultural exports.