APM Terminals will expand its presence in the Asia-Pacific market, which now accounts for nearly one out of three TEUs (by equity share) handled in the APM Terminals Global Port, Terminal and Inland Services Network, by opening a new regional headquarters office in Singapore, allowing the Shanghai office to concentrate on China and Japan as the company continues to strengthen operations and infrastructure in underserved high-growth Asian economies.
“The new regional headquarters in Singapore will enable us to focus on the terminals that we manage and operate in Southeast Asia and the Indian Sub-continent, with the intent of continuing to improve our operational performance for the benefit of our customers. The new office will likewise focus on business development within South and Southeast Asia, working closer with customers to jointly unlock value” stated APM Terminals CEO, Kim Fejfer.
“The Shanghai office will host a dedicated team that will solely focus on our Chinese JV partners and the Chinese and Japanese markets which are very important to us. The office will also manage our future expansion plans in China,” added Henrik L. Pedersen, APM Terminals CEO of the Asia-Pacific region
Asian ports, including the Indian Sub-continent, now account for more than half of all global container throughput, with a cumulative total volume of 370 million TEUs in 2011. APM Terminals currently has interests in 18 operating facilities in Asia in six countries, which handled 10.6 million TEUs (weighted by equity share) last year, representing 31.6% of the company’s total container volume. APM Terminals also operates an extensive network of Asian Inland Services operations in India, Pakistan, Thailand, Malaysia, Vietnam, the Philippines, Taiwan and China.
Interests in China and Japan accounted for 6.2 million TEUs in 2011, or 18.5% of the company’s overall throughout. Port operations in India, Thailand, Vietnam and Malaysia, where APM Terminals generally exercises more operational control in port and terminal investments, accounted for 4.4 million TEUs (weighted by equity share) in 2011.
The Singapore office is scheduled to open in September.
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Source: APM Terminals, June 28, 2012