Danish Port management giant to take over Swedish Goteborg port, Skandiahamnen
Wednesday, 12 October 2011
APM Terminals, part of the Danish giant AP Moller-Maersk, will take over Skandiahamnen (Skandia port) of Gothenburg. The company promises to make large investments in the operations.
When APM Terminals takes over in Skandiahamnen, this would mean that one of the world's largest port operators will commenced operations in Gothenburg.
APM Terminals takes over from the first quarter of 2012 and will invest $115 million, approximately Skr770 million, in the terminal the next five years, writes Swedish newspaper Göteborg Posten (GP).
In 2010, Skandia Container Terminal managed 800,000 containers (TEUs), representing 60 percent of the Swedish market.
Gothenburg port has been split into a municipal port authority and the three separate companies. The container terminal is the third and last to be run by an outside operator.
APM Terminals has 24,000 employees in 63 countries and has interests in 61 ports, including Buenos Aires, Rotterdam and Kobe.
The company had sales of 2.2 billion dollars or Skr14.7 billion in the first half of this year and made a profit of $270 million, about Skr1.8 billion, during the period.
By Scancomark.se Team
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