APM Terminals subsidiary awarded Luanda concession

APM Terminals subsidiary awarded Luanda concession Sogester, a joint venture company of A.P. Moller-Maersk affiliate APM Terminals (51 percent), and Gestao de Fundos (49 percent), has signed a 20-year concession agreement with the government of Angola to operate the country's main container port of Luanda.
   “This new facility increases APM Terminals African presence and complements our existing facilities in Lagos and Onne (Nigeria), Douala (Cameroon), Abidjan (Cote d'Ivoire) and Tema (Ghana),” said Simon Pitout, head of APM Terminals’ Africa region.
   “We look forward to continuing the positive spirit of cooperation with the Angolan authorities to develop Luanda Container Terminal into a world-class facility and a leading container terminal in the region. Sogester plans to make substantial investments and improvements to the container yard, quayside and terminal handling equipment,' Pitout added.