APM Terminals eyes acquisitions
PORTS: APM Terminals, the port operating arm of A.P. Moller-Maersk, is considering several acquisition opportunities in China, India and Vietnam, as the industry recovers from its crisis.
"In terms of our customers and shipping lines, they are growing again and back in profitable territory", says Kim Fejfer, APM Terminals Chief Executive.
"I think it is fair to say the crisis is over. It is behind the shipping industry."
APM Terminals, one of the world's top 4 port operators, has prioritised China, India and Vietnam as the three main countries to expand its business.
"One of the areas that we will be looking more at is potentially growing some of our inland activities through acquisitions more than organic growth", says Martin Christiansen, head of APM Terminals Asia operations.
Targets for acquisitions or joint ventures included trucking and rail service companies through its Container Inland Services unit, which was taken over from its sister company Maersk Line last year.
Source: Shippingnews
/ maritimedanmark.dk
