APM Terminals interested in potential Istanbul terminal

Container terminal operating company, APM Terminals, are interested in opening a facility in Istanbul in Turkey’s Marmara region.

Although, no specific timeframe has been mentioned, Turkey’s “sizeable” economic growth compared to the rest of Europe plus its “low container penetration ratio” are proving attractive to the multinational company.

Turkish container volumes are growing at twice the speed of GDP, which grew by 4.0% in 2013, and APM Terminals are currently “analysing the markets to determine the preferred strategy to enter”.