ASIA: APMT ups ante in new Ningbo terminal for giant boxships
- Category: Ningbo Port
- Published: Wednesday, 19 June 2013 09:21
APM Terminals, AP Moller-Maersk’s ports arm, has raised its stake in a new terminal project in Ningbo, China, that can receive 18,000 teu containerships.
The Maersk group has signed a preliminary deal with Ningbo Port Group (NPG) to contribute Yuan707.9m (A$120.8m) for a 33% share in the joint venture to act as the terminal’s operator, increasing its initial 25% share of Yuan125m (A$21.3m).