Receive our newsletter – data, insights and analysis delivered to you
  1. Market Data
January 5, 2012

APM Terminals takes over operations of Port of Gothenburg terminal

APM Terminals has taken over the operations of Scandinavia's largest container terminal at Sweden's Port of Gothenburg following a concession deal with the port.

APM Terminals

APM Terminals has taken over operations of Scandinavia’s largest container terminal at Sweden’s Port of Gothenburg following a concession deal with the port.

The terminal will be operated by APM Terminals Gothenburg (formerly Skandia Container Terminal).

Port of Gothenburg terminal handles about 800,000 containers a year, which amounts to about 60% of Sweden’s total container traffic, while serving as a key gateway for Swedish and Norwegian inland points.

APM Terminals CEO Kim Fejfer said, "We are very impressed with the Port of Gothenburg’s privatisation efforts for the port, and with the Skandia Container Terminal’s transition plan, and look forward to working closely with them to help make Gothenburg one of Scandinavia’s, and northern Europe’s, leading container hubs."

Though operations will be transferred to APM Terminals, Port of Gothenburg will continue to own the terminal’s land, quays and buildings.

Port of Gothenburg awarded a 25-year concession agreement to APM Terminals for the deepwater facility’s management and operations in October 2011.

Following the agreement in October, the Swedish Competition Authority gave formal approval to manage the port terminal in December.

Under the agreement APM will invest in terminal and equipment upgrades, including three new super-post-Panamax cranes to handle the largest vessels entering into service.

The company plans to invest $115m on equipment over the next five years to make the terminal more competitive as the north European hub of the Nordic region.

The Port of Gothenburg has prepared its ro-ro, car and container terminals for privatisation, believing that private ownership of these terminals will boost investment, competitiveness and cargo volumes.

The Port of Gothenburg currently owns three terminals: the container terminal, ro-ro terminal and vehicle terminal.

APM has interests in 63 container terminals in 36 countries and local inland services operations in over 150 locations in 46 countries.

Caption: APM handles about 800,000 containers a year and serves as a key gateway for Swedish and Norwegian inland points. (Copyright APM Terminals Images.)

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU