top of page
Search

APM Terminals Rotterdam to be sold to Hutchison

Writer's picture: First Port Global (FPG)First Port Global (FPG)

APM Terminals and Hutchison Ports have signed a letter of intent for the takeover of APM Terminals Rotterdam, the older of APMT’s two Rotterdam terminals


The conventional, straddle carrier-direct 2.5M TEU terminal will be acquired by Hutchison, subject to permission of the works council, trade unions and the Dutch merger and monopolies body.


The "heads of agreement" features a five-year volume guarantee from Maersk Line and a ban on compulsory dismissals over the next four years. Also the terminal must remain an “independent” organisation “for the time being,” meaning that it would not be incorporated into Hutchison’s subsidiary ECT directly.


The 100-ha APMT-Rotterdam terminal is the facility with which ECT started operating on its Maasvlakte I Delta Peninsula in the early 1980s. The terminal had to be sold by ECT by order of the European Commission as a condition of the permit for ECT and its then partner P&O Nedlloyd to build Euromax.


17 views0 comments

Recent Posts

See All

Comentários


Hello! We’d like to hear from you

North Spring BizHub Singapore, 768163

Come and visit us in-person

Contact us for further information

About

First Port Global is your go-to source for all your industrial procurement needs and help you get the best price, every time.

News

ask@firstportglobal.com

Singapore: +65 6710 5480
Malaysia: +60(3) 8022 8319

9 Yishun Industrial Street 1

#02-70/71 North Spring BizHub

Singapore 768163

  • First Port Global FPG Facebook
  • First Port Global FPG Linked In
  • First Port Global FPG Youtube

©2023 First Port Global Pte Ltd  |  RCB / GST Reg. No. 200819864H  |  Privacy Policy  |  Terms and Conditions |  Website Design by Advergreen Digital

bottom of page