APM Terminals Sells Charleston Stevedoring Business
- Business & Finance
The Netherlands-based container terminal operator APM Terminals, part of Maersk Group, will sell its Charleston, South Carolina stevedoring business to SSA Cooper for an undisclosed amount, as part of the company’s long term strategy to focus on its core business.
APM Terminals plans to optimize its portfolio and simplify business by abandoning activities that are non-core assets.
”We are proud of the role Charleston has played in our company’s history,” Jack Craig, APM Terminals Senior Vice President said.
”Our talented people, service capabilities and operational performance make it a perfect fit with SSA Cooper. Equally important, we have enjoyed the support of our customers and excellent relations with Jim Newsome and the South Carolina Ports Authority leadership through the years and Senator Larry Grooms, Chair of the Senate Transportation Committee.”
APM Terminals operates seven container terminals in the USA: Elizabeth, New Jersey; Jacksonville, Florida; Miami, Florida; Mobile, Alabama; Houston, Texas; Los Angeles, California; Tacoma, Washington.