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Release ID: 1010

APM Terminals Opens Zeebrugge, Belgium terminal

A new era in Belgian ports was launched as the Minster President

of the Flemish Government, Yves Leterme officially opened the new container terminal at the Albert II dock. Governmental officials, trade representatives, customers and shipping

industry executives attended the opening ceremony for Europe’s newest, world-class container terminal.

APM Terminals COO, Peder Sondergaard, based in the Hague, Netherlands said “we are pleased to offer our more than 60 shipping line customers this new port in Zeebrugge which integrates into our global network of more than 40 terminals. The terminal is an

important, strategic investment in building the European container port infrastructure necessary to handle the global container trade currently growing at 8% per year. Port,

waterside and landside infrastructures need to keep pace to support the growth of the global economy and trade.“



Rob Boer, Managing Director of APM Terminals Zeebrugge said “The new terminal is a vital economic generator of jobs and business opportunities for the Flemish region and Belgium. The terminal has already created 140 new, direct jobs and upon final completion of the terminal in about 10 years will employ up to 500 direct jobs.”



According to the Zeebrugge Port Authority, 500 or more indirect jobs will be created thanks to the port facility.

The Zeebrugge facility is a multi-user facility and is an attractive choice for shipping lines with its 16 meter deepwater draft and fast access to the main shipping lanes – with no locks or rivers to transit like other ports. Equally important, the terminal adds container terminal capacity at the mouth of the river Schelde. Labor in Zeebrugge is strong, flexible and competitive. Inland connections via road, rail and barge are designed to

efficiently move cargo to the final destinations in Belgium and Europe. Seven postpanamax gantry cranes and a fully automated gate for trucks are used to quickly andsafely move container cargo.



To emphasize the port’s importance on the global stage, The Vice Premier of China, Mr.Zeng Peiyan and a delegation of 65 Chinese and Belgian officials toured APM Terminals Zeebrugge container terminal September 23, 2006 to see firsthand how the new port is

well-established to serve the future growth of world trade and China’s significant role. The day before, the Vice Premier of China Zeng Peiyan and Vice Premier of Belgium Reynders attended a signing ceremony in Brussels. APM Terminals has signed an

agreement to sell 40% of its Zeebrugge shares to Shanghai International Port Group (SIPG).



The agreement reflects APM Terminals growing partnership with SIPG considered thelargest port operator in China.



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