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APM Terminals brings COSCO onboard at Vado
APM Terminals has concluded an agreement with China COSCO Shipping Ports for the sale of a minority share in a new joint venture created for the APM Terminals Global Terminal Network’s operations in Vado, Italy. A similar agreement has been completed with Qingdao Port International Development Co Limited, a wholly-owned subsidiary of Qingdao Port International Co Ltd, which shall become an indirect minority shareholder in the joint venture. The agreements include interests in both the existing Reefer Terminal in Vado and the new 800,000 teu capacity deep-water terminal currently under construction at the Port of Vado. http://www.portstrategy.com/news101/world/europe/apm-terminals-brings-cosco-onboard-at-vado
APM Terminals Vado orders Hybrid Straddle Carriers from Kalmar
APM Terminals has concluded a contract with Finnish-based container handling equipment manufacturer Kalmar for the delivery of 19 Hybrid Straddle Carriers for the new 800,000 TEU annual capacity deepwater APM Terminals Vado facility now under construction on northern Italy’s Ligurian Coast.
APM Terminals signs MOU with Qingdao Port Group for Vado, Italy
Leaders from Qingdao Port Group met with APM Terminals executives in The Hague to sign a Memorandum of Understanding (MOU) for the APM Terminals Vado, Italy port project. Terms and investment amount were not disclosed. The MOU will create a new joint venture to invest in and work with other potential partners. APM Terminals Vado is a new terminal in northern Italy, which when opened in January 2018 will handle both containerized and liquid bulk cargoes – and integrated operationally with the existing 275,000 annual TEU capacity Vado Reefer Terminal facility, which was acquired by APM Terminals in August 2015.
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