The Board of Directors of the Valenciaport Authority has approved an eight-year extension of APM Terminals Valencia’s concession, conditional on a new investment commitment exceeding EUR 10 million directed toward improving the terminal’s productivity, energy efficiency and environmental performance.
The extension carries the concession through to 2049, reaching the maximum ordinary term of 50 years permitted under Spanish port legislation.
APM Terminals has operated at the Port of Valencia since 1999, with the concession extended sequentially over time to its current maximum duration.
The extension was triggered by the additional investments proposed, which exceed 20% of the investment originally envisaged in the concession, meeting the legal requirements for substantial modification under the Spanish Ports and Merchant Marine Act.
The primary investment initiative is the electrification of the Levante Quay through the installation of the first Onshore Power Supply system at the terminal, the first of four OPS units APM Terminals plans to deploy in Valencia.
The initial phase will include the power delivery centre and the transformation and conversion substation required for operation.
The project forms part of the OPS Valenciaport initiative led by Fundación Valenciaport and co-financed by the European Union through the CEF Transport programme.
The investment aligns with European port decarbonisation targets for 2030, APM Terminals’ goal of reducing operational emissions by 70% by 2030, and its net zero ambition by 2040.
The second investment focus addresses the adaptation of Levante Quay fenders to accommodate E-class and EEE-class vessels operating under the Gemini Cooperation between Maersk and Hapag-Lloyd, enabling the terminal to serve Asia-Mediterranean services requiring draughts of up to 16.5 metres.
Tim Miltenburg, Head of the Decarbonisation Center of Excellence at APM Terminals, described the Valencia investment plan as an example of working with port authorities to reduce emissions across the terminal ecosystem, extending beyond the terminal’s own operational boundaries to include customer emissions.
Julián Fernández, Managing Director of APM Terminals Spanish Gateways, emphasised that the investments would strengthen the terminal’s sustainability and operational capacity while reinforcing Valencia’s role as a strategic hub on major global shipping routes.
