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ASIA: APMT ups ante in new Ningbo terminal for giant boxships

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).


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