Hutchison to buy APMT's Rotterdam container terminal
HONG KONG's Hutchison Ports Netherlands has agreed to buy APM Terminals' 3
12 May 2021 - 19:00
In December 2019, Hutchison Ports signed a letter of intent for the acquisition of APM Terminals Rotterdam (APMTR) from APMT, Maersk's global port operator.
The agreement states APMTR will continue to function as an independent entity while Maersk provides a five-year volume guarantee and there will be no involuntary terminations by Hutchison Ports within four years of signing.
Operating since October 2000, APMTR is situated next to Hutchison Ports' existing Europe Container Terminals (ECT) Delta terminal in the Maasvlakte area.
Said APMT hub terminals chief Rolf Nielsen: 'Over the past 18 months, the various parties have worked intensively and constructively with all relevant parties, including APMTR's works council and trade unions, to complete the transaction.
'The sale gives APMTR the best possible future with a good security for jobs for its employees,' said Mr Nielsen.
Said Hutchison Europe chief Clemence Cheng: 'We already handle the majority of containers in the port through ECT's Delta and Euromax terminals. The addition of APMTR will further enhance our ability to offer a first-class and flexible service to our customers.'
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