APM to take lead stake in Shenzhen terminal

APM to take lead stake in Shenzhen terminal APM Terminals will reportedly take a 51 percent stake in a new terminal development in the Port of Shenzhen, Asian news outlets reported over the weekend.
   The terminal will be in Dachan, and will be built with a capacity of 3.2 million TEUs. Two berths are expected to open in 2009, with the other two berths opening in 2010. APM, the container terminal operator subsidiary of A.P. Moller Maersk, will partner with China Merchant Holdings and Shenzhen Dachan Bay Port Investment.