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11 May 2021 (Last Updated May 11th, 2021 09:35)
Hutchison Ports Netherlands has signed an agreement to acquire the Rotterdam container terminal from APM Terminals (APMT).
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With an annual capacity of 3.25 million TEUs, the terminal features around 1,600m of deep-water quay. Credit: APM Terminals.
In December 2019, Hutchison Ports signed a letter of intent for the acquisition of APM Terminals Rotterdam (APMTR) from APMT, the port operations unit of A P Moller-Maersk.
The agreement states that, in the short-term, APMTR will continue to function as an independent entity, A P Moller-Maersk will provide a five-year volume guarantee and there will be no involuntary terminations by Hutchison Ports within four years of signing.