The Netherlands: APM Terminals Reports Strong Q3 Results
Higher utilizations and operational efficiencies enabled APM Terminals’ Global Port and Terminal Network to increase container throughput 11% compared with the third quarter of 2010, outperforming the market, and recording a return on invested capital (ROIC) of 13.5% for the July through September accounting period.
“Our focus on providing customers the best port and inland operations and access to growth markets continues to trend positively. We continue to invest in high growth markets and improve our service capabilities to win in the marketplace”, stated APM Terminals CEO Kim Fejfer.
On a straight like-for-like comparison for the quarter, APM Terminals facilities saw container traffic grow by 10% to 8.6 million TEUs, weighted by equity share, while overall global container throughput has expanded by 7%. Container volume for APM Terminals’ facilities in the high-growth emerging market areas of China, Southeast Asia and Africa have increased by 14% for the first nine months of the year, compared with the same period the year prior. Business from shipping lines other than A.P. Moller-Maersk Group affiliated companies now represents nearly half (46%) of all APM Terminals’ container lifts, while Profit for the 3rd quarter rose to $174 million USD and $478 million USD for the first nine months of 2011.
During the 3rd quarter, APM Terminals significantly expanded its interests in Latin America with the signing of a 25-year concession agreement to build and operate a new deep-water facility in Moin, on the Atlantic coast of Costa Rica, and the assumption of operations at the North Terminal in Callao, Peru. In October, APM Terminals was awarded the concession for Sweden’s largest container terminal, with management and operational control expected to be transferred in the 1st quarter of 2012, following final approval by the Swedish government.
“Our commitment to our customers is reflected in the ongoing $3 billion USD worth of investments in new construction and expansion in which we are currently involved, and in our continuous improvement in Safety Performance in throughout the company” said Mr. Fejfer.
The APM Terminals Global Port, Terminal and Inland Services Network’s Lost-Time Injury Frequency (LTIF) rate has improved to an industry-leading 3.91 per million man-hours worked over the past 12-month period.
About APM Terminals
– providing the port and inland infrastructure to drive global commerce
APM Terminals is taking a leading role in addressing the critical issues facing the transportation industry. With customers and business partners, the company has designed the world’s leading port and inland network to meet the shipping community’s needs today, tomorrow and in the future. With more than 60 ports and 132 inland facilities in 63 countries – the goal is to offer the market more solutions than ever before to help companies and countries achieve their ambitions.
Source: apmterminal, November 11, 2011