Monday , 26 August 2019
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APMT volumes up following Hamburg Süd integration
Latin American volumes were up

APMT volumes up following Hamburg Süd integration

APM Terminals (APMT) recorded 7.9% increase in moves in the first half of the year, handling 7.6m equally-weighted moves (EqW).

During the year’s second quarter, EqW were up by 7.6% to 4.2m, with APMT attributing the growth to the integration of Hamburg Süd with Maersk Line which subsequently prompted positive developments in Latin America.

In the Americas, second quarter volumes grew by 33% to 1.1m moves, while terminals in Europe, Russia and the Baltics registered 3.7% growth and handled 0.8m moves.

Facilities in Africa and the Middle East recorded 5% growth and handled 0.5m moves, while those in Asia registered a 1% fall in volumes, handling 1.8m moves.

APMT’s gateway terminals won nine new contracts in the second quarter, while four were terminated.

The company’s second quarter revenues rose by 1.5% to US$671m, while revenue per move grew by 2.6% to US$199.