APM Terminals has delivered a good operational result for the second quarter and made a strong and consistent progress regaining industry’s leading position in terms of profitability.
The profit for 02 2013 of USD 179m was an improvement of USD 19m compared to Q2 2012. The volumes were at the same level as last year, with most terminals in Europe and North America recording decreased volume, offset by continued positive developments in high growth markets.
MARKET DEVELOPMENT
The global container terminal market measured inTEU increased by 4% during Q2 2013, and has grown by 3% in the six months to June 2013 (Drewry).
The number of containers handled by APM Terminals (measured in crane lifts and weighted with APM Terminals’ ownership interest) was unchanged at 9.ini TEUs compared to 02 2012. Volumes from customers outside the Group grew by 7% in the first half of 2013 and reached 50% (47%).
PORTFOLIO DEVELOPMENTS
In May, APM Terminals opened the 600 metres reconstructed quay in Monrovia, Liberia. The reconstruction was completed on time and within budget.
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Press Release, August 16, 2013