APM Terminals, a subsidiary of the A.P. Moller-Maersk group, said Wednesday that it has made an offer to operate all Virginia Port Authority (VPA) facilities in Hampton Roads and inland.
APMT, which built a state-of-the-art container terminal in Portsmouth that is now operated by the VPA, said it is proposing a deal under which it would transfer ownership of that terminal to the Commonwealth of Virginia, and then operate VPA facilities under a long-term concession agreement, as long as 38 years.
NEWSFLASH: APM Terminals makes bid to operate Port of Virginia
