The terminal has been in operation since May. Last month, APM Terminals sold a 40 percent share in the multi-user terminal to the Shanghai International Port Group for an undisclosed amount.
The Hague, Netherlands-based APM Terminals, has a 36-year concession with Zeebrugge Port Authority to operate the terminal, which currently has an annual capacity of 750,000 TEUs, rising to 2 million TEUs when fully developed.
When complete, Albert II Dock will have a quay length of 1,300 meters (4,265 feet), a water depth of 16 meters (52.5 feet), a 84.5-hectare yard, and 11 super post-Panamax gantry cranes.
“The terminal is an important, strategic investment in building the European container port infrastructure necessary to handle the global container trade currently growing at 8 percent per year,” said Peder Sondergaard, chief operating officer of APM Terminals, in a statement. “Waterside and landside infrastructures need to keep pace to support the growth of the global economy and trade.”
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
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The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now