APM Terminals Expands Presence in Latin America

Joe Nielsen, the former CFO for APM Terminals’ activities in the Americas Region has been named Managing Director, Latin American Terminals, as the high-growth markets of Latin America continue to be a focus area of the company’s investment planning.

Latin American container trade has been projected by Drewry Maritime Research to expand by 6.5% this year. APM Terminals is committed to participate in the modernization of infrastructure in Latin America to support this growth: “With over 550 million people and significant growth in seaborne trade, Latin America has unmet demand for access to the global logistics chain”, said APM Terminals CEO Kim Fejfer, adding “APM Terminals will pursue opportunities to facilitate trade and support economic growth”.

The company operates container terminal facilities in Callao, Peru; Buenos Aires, Argentina and Itajai and Pecém both in Brazil. Recently announced investments in Latin America by APM Terminals exceed USD 2.5 billion including construction of new facilities in Moin, Costa Rica; Lazaro Cardenas, Mexico and Santos, Brazil.

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World Maritime News Staff, February 6, 2012; Image: APM Terminals