Release Date:
Release ID: 818

APM Terminals Acquires Share in Ecuador Port - investment will boost South America service for customers

APM Terminals is pleased to announce that it has acquired 51% shareholding in Alinport S.A. from the Spanish Albacora Group. The parties have agreed not to disclose the purchase price.

The deal was announced at a ceremony on 25th October in Guayaquil, Ecuador attended by the Mayor of Guayaquil, Mr. Jaime Nebot and other senior officials.

Alinport is a Greenfield container terminal project. Groundwork has been ongoing and construction will start in early 2008 with expected start of operations in late 2009.

The first phase of the terminal will consist of a 450 meter berth, yard space with rubber tire gantry (RTG) operations, ship to shore (STS) cranes, 12.5 meters of water depth and an annual capacity of 700,000 TEU.

APM Terminals has assumed management responsibility for the terminal and APM Terminals executive Carl Ejler Jensen has been appointed Managing Director effective October 25, 2007.

The terminal is an important investment for APM Terminals in South America to further strengthen the global terminal network for customers.


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