APM Terminals investing in Shenzen Terminal

APM Terminals investing in Shenzen Terminal APM Terminals, the terminal arm of the A.P. Moller-Maersk, said it would lead a joint venture to develop, own and operate the Shenzhen Dachan Bay Phase 2 Container Terminal.
   APM said it will hold 51 percent of the new terminal, with Shenzen Dachan Bay Port Investment and Development Co. Ltd. holding 35 percent, and China Merchants Holdings (International) Co. 14 percent.
   Shenzen is expected to handle 20 million TEUs this year, up from 18 million TEUs in 2006.
   APM said the port in the Guangdong province is expected to see significant volume growth, especially from the Pearl River Delta, with volumes expected to exceed 32 million TEUs by 2011.
   APM said “development of the Dachan Bay terminal is critical for Shenzhen to meet the estimated 2011 demand, especially since Shekou and Chiwan terminals in West Shenzhen will be fully utilized by 2009 and Yantian terminals in East Shenzhen is experiencing strong throughput.”
   Dachan Phase 2 is a four-berth facility with expected capacity of 3.2 million TEUs.
   Total investment in the project is estimated at $985 million (Chinese RMB 7.3 billion.)
   APM Terminals is owner and operator of more than 45 terminals container terminals around the world.