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Oil, Gas, And Fracking News Read 08August 2021

Proposed APM container terminal at Port of Plaquemines could pose challenge to Port of New Orleans

Proposed APM container terminal at Port of Plaquemines could pose challenge to Port of New Orleans
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Hutchison Ports to acquire APMT Rotterdam container terminal

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). Share Article 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.

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