APMT sells share of Xiamen terminal

Shipper forums

Thursday, September 01, 2011

APM Terminals, the terminal-operating arm of the A.P. Moller - Maersk Group, said Thursday it has sold a partial stake in a terminal it jointly owns in the Chinese port of Xiamen. The operator has sold a 25 percent stake in the Xiamen Songyu Container Terminal, half its share of the facility, to its joint venture partner, Xiamen Port Holding Group. 'The divestment is designed to optimize APM Terminals assets, and support our local partner in Xiamen to grow in scal...

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