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APM Terminals makes bid to operate Port of Virginia

Ports

Thursday, May 24, 2012

APM Terminals, a subsidiary of the A.P. Moller-Maersk group, said Wednesday it has made an offer to operate Virginia Port Authority (VPA) facilities in Hampton Roads as well as at inland locations. APMT opened a state-of-the-art container terminal in Portsmouth in 2007 that is now operated by the VPA. It said it's proposing a deal in which it would transfer ownership of that terminal to the state of Virginia, and then operate it and the other VPA facilities under a long-...

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