APM Terminals to join hands with Ningbo Port

A joint venture between Ningbo Port Group and APM Terminals would invest in and operate berths 3, 4 and 5 at NingboÂ’s Meishan Container Terminal in China.

Both the parties have recently entered into an agreement for this joint venture. While Ningbo Port Group would invest 75 percent, APM Terminals would contribute the remaining 25 percent in the joint venture. The berths are expected to open by the end of next year.

APMT Asia Pacific CEO, Henrik Lundgaard Pedersen said the agreement created important, new port capacity needed for its customers in one of the fastest growing container markets in the world.