APM Terminals (APMT) will divest its container terminal in Izmir, Turkey to its current partner the State Oil Company of the Azerbaijan Republic (SOCAR).
The terminal, to be named Petlim Container Terminal, will have a future capacity of 1.3m teu per year and is the largest container terminal in Turkey’s Aegean region and the third largest in Turkey.
In the new structure, operating company Petlim will be fully owned by SOCAR Turkey and managed by APMT.
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