27.4 C
Hamburg
Tuesday, August 11, 2020
Home News Container terminal in Izmir changes hands

Container terminal in Izmir changes hands

APM Terminals have reached agreement to divest its container terminal in Izmir, Turkey to its current partner SOCAR.

As part of the sales agreement, APM Terminals will continue managing the terminal, ensuring that needs from both Shipping Lines and Landside customers are catered for.

The sale is subject to regulatory approvals and is expected to finalize in the coming months. In the new structure, the operating company of Petlim will be fully owned by SOCAR Turkey, and managed by APM Terminals.

The terminal, to be named Petlim Container Terminal, located in Aliağa, is the largest container terminal in Turkey’s Aegean region, and the third largest in Turkey, with a capacity of 1.3 million TEU per year.

Over the last two years, APM Terminals has contributed to turn the Izmir Aliağa Terminal into the most modern container terminal in the area.

We believe that SOCAR will further develop the terminal which has not only achieved excellent safety standards, but also the highest berth productivity in the area.

- Advertisment - LR Sustainability Decarbonisation Digital Adverts

Latest Posts

DP World buys majority stake in South Korean independent NVOCC

The Dubai-based logistics provider, DP World has agreed to acquire a 60% shareholding in UNICO Logistics Co. Ltd, one of the largest independent NVOCC...

SC Ports’ new terminal on track for 2021 opening

South Carolina Ports Authority (SCPA) has announced that the construction of the Hugh K. Leatherman Terminal is on schedule for a March 2021 opening. The...

Updated: Another Montreal union joins indefinite industrial action

Following the announcement on Friday, 7 August, by Montreal’s International Longshoremen’s Union Local 375 (CUPE) of an indefinite strike, it has emerged that a...

CMA CGM to buy stake in HMM’s Algeciras terminal

CMA CGM will buy HMM’s 50% stake in Total Terminal International Algeciras (TTIA), which operates a container terminal in the south of Spain. HMM announced on...

Forth Ports and DP World to jointly bid for a Thames freeport

Forth Ports Group and DP World have announced a partnership which will submit a joint freeport bid incorporating the Port of Tilbury and DP...