Freight News, Sea

Felixstowe owner to buy APMT Rotterdam

[ December 19, 2019   //   ]

APM Terminals has signed a letter of intent for the sale of APM Terminals Rotterdam to Felixstowe owner Hutchison Ports. Hutchison Ports owns the adjacent ECT Delta terminal  in Rotterdam. The sale is based on an agreement that, in the short term, APM Terminals Rotterdam will continue to exist as an independent organisation with a five-year volume guarantee from parent company, AP Moller-Maersk and no forced redundancies within four years.