EuropeGreater ChinaPorts and Logistics

Hutchison Ports snaps up APM Terminals Rotterdam

APM Terminals has signed a letter of intent for the sale of APM Terminals Rotterdam to Hutchison Ports. Hutchison Ports owns the adjacent ECT Delta terminal at Europe’s biggest port.

The complete transfer of shares is based on the agreement that, in the short term, APM Terminals Rotterdam will continue to exist as an independent organisation with a five-year volume guarantee from parent company, A.P. Moller-Maersk and no forced redundancies within four years of signing the agreement.

Hutchison Ports has indicated it is interested in talking to the Port of Rotterdam Authority for an extension of the lease at its new acquisition.

No price of the sale has been revealed.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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