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APM Terminals’ pitch to Virginia

Thursday, June 28, 2012

Privatized terminal operations could change dynamic of Hampton Roads. By Chris Dupin APM Terminals (APMT), a subsidiary of the A.P. Moller-Maersk group, made an offer in late May under Virginia’s Public-Private Transportation Act to operate the Virginia Port Authority’s facilities in Hampton Roads, as well as at inland locations. APMT said its offer is worth between $3.16 billion and $3.9 billion over a 48-year period. In the days to co...

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