APM Terminals is a port operating company headquartered in The Hague, Netherlands. A unit of Danishshipping companyMaersk's Transport and Logistics division, it manages container terminals and provides integrated cargo and inland services. It operates 74 port and terminal facilities in 38 countries on five continents, with five new port projects in development, in addition to over 100 inland services operations providing container transportation, management, maintenance and repair in 38 countries, for an overall global presence of 58 countries.[1] In 2018, APM Terminals was ranked the world's fifth largest container terminal operator.[2]
APM Terminals reported revenue of US$4.1 billion for 2017 on a consolidated basis, on par with 2016, but with underlying volume growth on an equity-weighted basis of 6.5%. Portfolio container volume amounted to 39.7 million TEUs (37.3 million TEUs) on an equity-weighted basis, 6.5% higher than in 2016, following strong volumes in north Asia, Latin America and across several locations due to strong growth from Maersk Line. APM Terminals’ equity-weighted volume growth was slightly higher than the estimated global port throughput growth in 2017 of 6%. Adjusted for newly commenced entities and divested terminals, volume increased by 5%. Invested capital increased to US$8.1 billion ($8 billion) mainly due to capital investment in projects under implementation, partially offset by impairment and capital discipline.
Terminals
Three new terminals commenced operation in 2017 ("Lázaro Cárdenas, Mexico", "Izmir, Turkey" and "Quetzal, Guatemala"), while APM Terminals divested one inland service, Pentalver, UK, as well as two terminals, Zeebrugge, Belgium, and Dalian, China. Moreover, APM Terminals Tacoma, USA, ended operations in September. APM Terminals Lázaro Cárdenas, Mexico, Latin America's largest semi-automated terminal, commenced operations in April. The terminal has the capacity to receive the world's largest ships. With the first phase of the terminal complete, APM Terminals Lázaro Cárdenas occupies an area of 49 hectares (0.49km2), with a 750 metres (2,460ft)-long quay and an annual capacity of 1.2m TEU. As part of APM Terminals’ strategy implementation and portfolio optimisation, APM Terminals completed in 2017 the divestment of its 100% stake in Pentalver, the UK-based provider of container transport and other container-related services, its 51% stake in Zeebrugge, Belgium, with 1.3m TEU annual capacity and its 20% stake in Dalian, China, with 2.3m TEU annual capacity. APM Terminals Tacoma, USA, ended operations at the end of September as part of its portfolio optimisation plans, and transferred its concession to SSA Marine. APM Terminals’ portfolio of inland services has been growing its presence with six new locations, including the opening of a container depot in Sullana, Peru. Sullana is one of the largest areas for grapes production as well as for growing organic bananas and mangos.[3]
Financial Performance
Operating business reported a loss of $146 million (profit of $487 million), negatively impacted by impairments in challenging markets, while projects under implementation realised a loss of $23 million (loss of $49 million) stemming from start-up costs. The share of profit/loss in joint ventures and associated companies was a loss of $52 million (profit of $193 million). Excluding the impact of impairments, the result from joint ventures and associated companies was a profit of $212 million, $19 million higher than in 2016. Tax decreased to $53 million ($149 million), mainly due to prior-year adjustments, the rate of exchange impact on deferred tax and a reduced tax rate in the USA following changes in legislation. Cash flow from operating activities was $827 million ($819 million). Cash flow used for capital expenditure was $672 million ($1.5 billion), of which $490 million related to terminal implementation projects. The capital expenditure in 2016 was mainly due to the acquisition of the Spanish Grup Marítim TCB's port and rail interests. APM Terminals generated a positive free cash flow of $155 million (negative $730 million). Invested capital increased to $8.1 billion ($8.0 billion), mainly due to capital investment in projects under implementation, partially offset by impairment and capital discipline.[3]
APM Terminals was founded as the port and terminal operating unit of Copenhagen, Denmark-based Maersk Group in January 2001. In 2004, APM Terminals moved its headquarters from Copenhagen to The Hague, Netherlands. Today the company provides services to more than 60 shipping lines with an integrated global port, terminal and inland services network with interests in 74 operating port facilities, with five in development, and over 100 cargo support service operations representing a global presence in 58 countries on five continents.[citation needed]
Business Operations
Three new terminals commenced operation in 2017: APM Terminals Lázaro Cárdenas (Mexico); APM Terminals Izmir, Turkey; and APM Terminals Quetzal, Guatemala.
In March 2016 APM Terminals completed the $1 billion acquisition of Spanish-based Grup Maritim TCB's port and rail interests. The acquisition added 8 terminals with a combined 2 million TEU equity-weighted volumes to the APM Terminals Global Terminal Network.
Meridian Port Services, a joint venture between APM Terminals, Bolloré Africa Logistics, and the Ghana Ports and Harbours Authority, have formalized an agreement invest $1.5 billion in new deep-water 3.5 million TEU port and logistics hub in Tema, Ghana.
Sogester Namibe, an APM Terminals joint venture, signed a 20-year concession to operate, maintain and develop the Port of Moçâmedes in southern Angola, in May 2014. Sogester Container Terminal has been operating at Port of Luanda, the primary port of Angola, since 2007.
Global Ports, Russia's largest terminal operating company, in which APM Terminals holds a co-controlling share, completed the acquisition of NCC, Russia's second-largest terminal operating company in December 2013.
In February 2013 APM Terminals and Turkish-based Petkim announced the finalization of plans to develop APM Terminals Izmir near the Port of Izmir, Turkey. The 15.5 meter deep facility opened in 2016 under a 28-year concession, with an initial annual throughput capacity of 1.5 million TEUs.
Recent Awards
2017
GE SSA Transportation "Strategic Partner of the Year"
APM Terminals was named winner of the GE Sub-Saharan Africa Transportation “Strategic Partner of the Year” Award in September 2017, for participation in the Nigerian rail infrastructure improvement consortium.[citation needed]
State of Alabama Trade Excellence Award
APM Terminals Mobile was one of eight Alabama businesses to be honored by Alabama Governor Robert Bentley for their achievements in promoting and facilitating the export goods and services from Alabama across the globe.[citation needed]
Global Ports Forum “Best Terminal in South Asia”
South Asia Gateway Terminals, at the Port of Colombo, Sri Lanka, was named “Best Terminal in South Asia” by the Global Ports Forum. APM Terminals holds a 33% share in SAGT.[citation needed]
2016
ICHCA International Safety Innovation Award
APM Terminals Buenos Aires, operator of the Terminal 4 facility in Argentina's primary port, was named winner of the first annual “Innovation in Safety Award”, by ICHCA International, the independent organization dedicated to improving the safety, productivity and efficiency of cargo handling and transportation.[citation needed]
2015
Lloyd's List North American Maritime “Port Operator Award”
APM Terminals was named winner of the 2015 “Port Operator Award” at the Lloyd's List North American Maritime Awards, in Houston, Texas.[citation needed]
Containerisation International “Innovation of the Year” Award
APM Terminals Rotterdam Maasvlakte II was named winner of the Containerisation International 2015 “Innovation of the Year” Award at the Annual Containerisation International Awards luncheon, in London.[citation needed]
All India Maritime & Logistics Awards “Container Terminal of the Year”
APM Terminals Mumbai, was once again named winner of the All India Maritime & Logistics Awards “Container Terminal of the Year” Award”.[citation needed]
Lloyd's List Middle East and Indian Subcontinent Awards “Logistics Award”
APM Terminals Inland Services India was named winner of the Lloyd's List Middle East and Indian Subcontinent Awards “Logistics Award”.[citation needed]
Pacific Maritime Association Safety Awards
APM Terminals Pier 400 Los Angeles won two awards at the 66th Annual Pacific Maritime Association (PMA) Area Accident Prevention Committee Safety Awards for 2014. The first award was the PMA Coast Accident Prevention Awards ceremony in the category of Terminal Operations, Group A, (over one million man-hours worked) for the best Safety Performance achieved in 2014 in all operations at US West Coast ports. This is the sixth year out of the last eight that APM Terminals’ Los Angeles facility has received this award. APM Terminals Pier 400 also won the Southern California Area Container Terminal Safety Award for Group A category terminals.[citation needed]
Nigerian Port Authority “Most Environmentally Conscious Port Operator”
APM Terminals Apapa named the “Most Environmentally Conscious Port Operator at the Lagos Port Complex” by the Nigerian Port Authority's Environment Department of the Health, Safety and Environment Division, in recognition of the company's achievements in the area of terminal safety culture and operating practices in Nigeria's primary port city.[citation needed]
2014
CII 2013 Environment, Health, and Safety Excellence Award
APM Terminals India's Chennai CFS facility was named winner of the 2013 Environment, Health, and Safety (EHS) Excellence Award by the Confederation of Indian Industry (CII) for the implementation of EHS Best Practices.[citation needed]
*Excellence in Inland Container Logistics" Award APM Terminals Inland Services South Asia was named winner of the “Excellence in Inland Container Logistics for Manufacturing Sector” award at the 3rd Annual Asia Manufacturing and Supply Chain Awards, presented at the Asia Manufacturing Supply Chain Summit in Mumbai.[citation needed]
2013
Lloyd's List Asia Awards 2013 “Port Operator Award”
APM Terminals was named winner of the Lloyd's List Asia Awards 2013 “Port Operator Award” in recognition of maintaining “the highest standards of operational efficiency and customer service throughout the year” among port and terminal operators in the Far East.[citation needed]
Containerisation International 2013 “International Terminal Operator of the Year”
APM Terminals was once again named “International Terminal Operator of the Year” at the Containerisation International 2013 Awards, for the second consecutive year. APM Terminals’ “ongoing investment programs at its terminals and its ability to implement and adapt very effectively global safety, security and environmental guidelines at the local level” were cited by the judging panel in the win, as well as APM Terminals’ Global Terminal Network's “success in combining development with continuous improvements in its CSR and environmental policies”.[citation needed]
APM Terminals India Pvt. Ltd. was named “Best Inland Services Provider” for 2013 at the 7th Annual Express, Logistics & Supply Chain Leadership Awards in Mumbai, India in September, in the “Service Excellence” category of the program.[citation needed]
“Container Terminal Operator of the Year” (APM Terminals Mumbai)
APM Terminals Mumbai was named “Container Terminal Operator of the Year (Specific)” for 2013 at the 4th Annual All-India Maritime and Logistics Awards (MALA) on September 6, in Mumbai. The award was presented on the basis of operational performance, year-on-year volume growth, IT efficiency, the use of advanced technology, and customer satisfaction.[citation needed]
“Container Terminal Operator of the Year- Health, Safety and Quality Award” (APM Terminals Pipavav)
APM Terminals Pipavav was named winner of the “Port/Terminal Operator of the Year- Health, Safety and Quality Award” for 2013 at the 4th Annual All-India Maritime and Logistics Awards (MALA). The criteria for the award include facility investment in health and safety measures, and external industry certification.[citation needed]
“Container Freight Station of the Year-Private” (Chennai CFS)
APM Terminals India's Chennai CFS was named co-winner of the 2013 Container Freight Station of the Year Award-(Private) at the 5th Annual Exim India South East Cargo & Logistics Awards, held in Chennai, India on July 19. The award recognizes APM Terminals Chennai's efforts in promoting trade through creation of modern facilities and infrastructure, and the achievement of high standards of efficiency and productivity during 2012.[citation needed]
“Container Freight Station of the Year-Private” (Chennai CFS)
APM Terminals India's Chennai CFS was named co-winner of the 2013 Container Freight Station of the Year Award-(Private) at the 5th Annual Exim India South East Cargo & Logistics Awards, held in Chennai, India on July 19. The award recognizes APM Terminals Chennai's efforts in promoting trade through creation of modern facilities and infrastructure, and the achievement of high standards of efficiency and productivity during 2012.[citation needed]
Supplier Appreciation Award (APM Terminals Mumbai CFS)
APM Terminals Inland Services Mumbai Container Freight Station (CFS) was selected by Volkswagen India to receive its annual “Supplier Appreciation Award” for excellent performance during 2011-2012. The award is in recognition of the Inland Services operation's help in achieving Volkswagen's targeted logistics chain performance levels for the 110,000 vehicle capacity Chakan auto manufacturing facility near Pune, in the State of Maharashtra.[citation needed]
National Quality Award (Morocco) APM Terminals Tangier was named winner of the 2012 National Quality Award organized by Morocco's Ministry of Industry, Trade and New Technologies. This 15th annual Quality Award ceremony was held in the Moroccan capital of Rabat, with the participation of the Moroccan Union for Quality (UMAQ). The mission of the UMAQ includes the responsibility to “promote the quality of goods and services in all sectors of the national economy”.[citation needed]
“Best Employer” Award (Morocco)
APM Terminals Tangier was named “Best Employer in Morocco” on January 21 at the second annual Best Employer Award sponsored by business consultant Lycom in collaboration with Morocco's Ministry of Education and Professional Training, the Global Confederation of Moroccan Companies (CGEM), and the American Chamber of Commerce in Morocco, and the Best Companies Group.[citation needed]
APM Terminals’ sustainability initiatives and performance are divided into four core areas: Health, Safety and Security; Environment; Responsible Business; and Social Responsibility. Significant gains or new major initiatives have been achieved or implemented in each performance category.[according to whom?]
There were 141 Lost-Time Injuries (LTI) recorded in the APM Terminals operating portfolio in 2017[according to whom?]. This was the lowest number of LTI ever achieved by APM Terminals. The LTI frequency rate (LTIF) for the year was 1.62 per million man-hours worked, slight higher than the 1.52 recorded in 2016. There were also three fatalities at APM Terminals facilities during the year. A new incident reporting tool was launched across all APM Terminals locations globally in fourth quarter of 2017. The new tool greatly improves our ability to analyze our data and gain more insight into eliminating risk by utilizing data-driven decisions on where to focus attention going forward.[citation needed]
In 2018, we continue to work to improve our environmental performance specifically and to develop global environmental standards and guidelines. In the area of greenhouse gases and other emissions, APM Terminals has set a goal of a 25% reduction in CO 2 output, as measured from the base year of 2010. APM Terminals signed a two-year, €5 million ($6.23 million) contract with Amsterdam-based NV Nuon Energy for the supply of environmentally sustainable wind-generated electricity to power the new APM Terminals Maasvlakte II cranes and container handling equipment. The new deep-water terminal, which was officially inaugurated in April 2015, is the world's first container terminal to generate zero greenhouse gases and particulate emissions as compared with diesel-powered terminal machinery. The contract term began on January 1, 2015.[citation needed]
APM Terminals has embarked on a program to convert and retrofit more than 400 Rubber-Tire Gantry Cranes (RTGs) in use throughout the APM Terminals global port, terminal and inland services network to a combination electric and diesel power as a measure to reduce both costs and emission of carbon dioxide (CO 2) from the current diesel-powered RTG fleet. RTGs, which are used to move loaded and unloaded containers at the terminals, are usually powered by diesel engines. The new power supply will be a combination of electricity and diesel, utilizing a busbar- a rail providing access to electrical power. Recent technological advances have made such a hybrid power option possible for RTGs. The use of E-RTGs will reduce CO 2 emissions by between 60-80% compared with conventional diesel-powered RTGs, which will result in overall terminal CO 2 emissions decreasing by 20% per TEU handled. The retro-fitting of the majority of the existing 400 unit APM Terminals RTG fleet will eliminate 70,000 tons of CO 2 emissions annually.[4]
PSA International Pte Ltd is a port operator and supply chain company, with flagship operations in Singapore and Antwerp. One of the largest port operators in the world, PSA has terminals across 26 countries, including deepsea, rail and inland facilities. PSA is also involved in distripark and marine services.
Jurong Port Pte Ltd is a port operator headquartered in Singapore. Jurong Port, which operates the only multi-purpose port in Singapore, handles bulk, break-bulk and containerised cargo. It handled over 40,000 vessel-calls annually in 2019.
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CMA CGM is a French shipping and logistics company founded in 1978 by Jacques Saadé. It is the third largest container shipping company in the world, with a presence in 160 countries through 400 offices, 750 warehouses, 155,000 employees and a wide fleet of 593 vessels. CMA CGM serves 420 of the world’s 521 commercial ports and operates 257 shipping lines. The company is headquartered in Marseille, France. The name is an acronym of two predecessor companies, Compagnie Maritime d'Affrètement (CMA) and Compagnie Générale Maritime (CGM), which translate as "Maritime Freighting Company" and "General Maritime Company".
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The Port of Savannah is a major U.S. seaport located at Savannah, Georgia. As of 2021, the port was the third busiest seaport in the United States. Its facilities for oceangoing vessels line both sides of the Savannah River and are approximately 18 miles (29 km) from the Atlantic Ocean. Operated by the Georgia Ports Authority (GPA), the Port of Savannah competes primarily with the Port of Charleston in Charleston, South Carolina to the northeast, and the Port of Jacksonville in Jacksonville, Florida to the south. The GPA operates one other Atlantic seaport in Georgia, the Port of Brunswick. The state also manages three interior ports linked to the Gulf of Mexico: Port Bainbridge, Port Columbus, and a facility at Cordele, Georgia linked by rail to the Port of Savannah. In the 1950s, the Port of Savannah was the only facility to see an increase in trade while the country experienced a decline in trade of 5%. It was chaired and led by engineer Dr. Blake Van Leer.
DP World is an Emirati multinational logistics company based in Dubai, United Arab Emirates. It specialises in cargo logistics, port terminal operations, maritime services and free trade zones. Formed in 2005 by the merger of Dubai Ports Authority and Dubai Ports International, DP World handles 70 million containers that are brought in by around 70,000 vessels annually. This equates to roughly 10% of global container traffic accounted for by their 82 marine and inland terminals present in over 40 countries. Until 2016, DP World was primarily a global port operator, and since then, it has acquired other companies up and down the value chain.
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International Container Terminal Services, Inc. (ICTSI) is a global port management company headquartered in Manila, Philippines. Established on December 24, 1987, ICTSI is the Philippines' largest multinational and transnational company, having established operations in both developed and emerging market economies in Asia Pacific, the Americas, and Europe, the Middle East and Africa. The company is ranked the eighth largest container terminal operator, according to TEU equity volume.
Adani Ports and Special Economic Zone Limited is an Indian multinational port operator and logistics company, based in Ahmedabad, India. A subsidiary of Adani Group, APSEZ is India's largest private port operator with a network of 12 ports and terminals, including India's first deep water Transshipment Port Vizhinjam International Seaport Thiruvananthapuram and India's first port-based SEZ at Mundra.
China Merchants Port Holdings Company Limited is a major conglomerate based in Hong Kong and is involved in a range of businesses such as port operations, general and bulk cargo transportation, container and shipping business, air cargo, logistics park operations and paint products. China Merchants Port is considered as a Red Chip company as the Hong Kong Stock Exchange listing. The company has port facilities in mainland China and Hong Kong, and the predecessor was founded in 1991. The predecessor of the parent company was established in 1872 and was the preeminent industrial and commercial group in mainland China. Before changing its name to China Merchants Port Holdings Company Limited, the company was formerly known as China Merchants Holdings (International) Company Limited.
HMM Company Limited, formerly known as Hyundai Merchant Marine, is a South Korean container transportation and shipping company.
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In Cikarang, West Java, Indonesia, there is a dry port called Cikarang Dry Port (CDP), which is a part of Kota Jababeka. With a total area of 200 hectares, CDP was founded in 2010. It is run as Indonesia's first and only Integrated Customs Services Zone by PT Cikarang Inland Port, a division of the publicly traded PT Jababeka Tbk. As an inland dry port model, CDP acts as a port extension that addresses ongoing traffic jams and delays at Tanjung Priok, a significant import/export gateway. Reducing the dwelling time from 3.2 days to the government-mandated 2.5 days is the primary goal.
References
↑ "Annual Review of Global Container Terminal Operators 2017", Drewry Shipping Consultants Ltd.
↑ "Annual Review of Global Container Terminal Operators 2018", Drewry Shipping Consultants Ltd.
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