APM Terminals has been named the winner of the 2013 Lloyd’s List Asia Awards annual “Port Operator” Award in recognition of maintaining “the highest standards of operational efficiency and customer service throughout the year” among port and terminal operators in the Far East.
Excluding operations in the Indian Subcontinent (which was not part of the award’s scope) APM Terminals’ current Asian presence includes interests in 10 terminal facilities in China, two in Japan, two in Thailand, one in Vietnam, one in the Russian Pacific port of Vostochny, and the Port of Tanjung Pelepas, in Malaysia.
“We are very gratified to receive this very prestigious award in recognition of the achievements and commitment to excellence demonstrated by our global team, and our partners across Asia” stated APM Terminals Asia Pacific Regional Head, Henrik Lundgaard Pedersen. The award was collected by Rizwan Soomar, APM Terminals Chief Commercial Officer for the APAC region, who attended the awards presentation ceremony at the Raffles City Convention Center in Singapore.
APM Terminals’ 17 Far East Asian facilities handled a combined 10.7 million TEUs in 2012, (weighted by equity share), representing 30% of the company’s total annual container volume, and approximately 3% of the total Far East Asian container market. APM Terminals also maintains regional sales and business development offices in Shanghai, Hong Kong and Singapore.
In addition to the existing operating facilities, APM Terminals has signed an agreement with the Ningbo Port Group to jointly invest in and operate three new berths comprising 1km of quay in Ningbo’s Meishan Container Terminal, with a 33% ownership share. This new facility at mainland China’s 3rd-largest container port is scheduled to be operational by the end of 2014 with an annual container throughput capacity of 2.8 million TEUs. An expansion at the Qingdao New Qianwan Terminal in Qingdao, China’s 5th-busiest container port is also underway.