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UTA expands cashless refuelling network
MOSCOW: June 19, 2018: Union Tank (UTA) has expand...

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CMA CGM acquires Finnish shortsea operator
MARSEILLE: June 20, 2018. CMA CGM is to acquire Co...

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Turkish Cargo helps cherry exporters
OSLO: June 20, 2018. Turkish Cargo has begun deliv...

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FedEx makes US$6.6 billion Boeing order
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Breakbulk Europe 2018 smashes attendance record
BREMEN, Germany: June 18, 2018. Breakbulk Europe s...

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DHL Freight goes green with LNG trucks
BONN, Germany: June 18, 2018: DHL Freight has cont...

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Brussels Airport gearing up for 60th birthday bash
BRUSSELS: June 18, 2018: This year sees Brussels A...

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Jet Airways takes off under RCS
ALLAHABAD, India: June 14, 2018. Jet Airways has c...

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Panalpina continues Latam expansion with Newport buy
BASEL, Switzerland: June 15, 2018. Panalpina has c...

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UTA expands cashless refuelling network
CMA CGM acquires Finnish shortsea operator
Turkish Cargo helps cherry exporters
FedEx makes US$6.6 billion Boeing order
Breakbulk Europe 2018 smashes attendance record
DHL Freight goes green with LNG trucks
Brussels Airport gearing up for 60th birthday bash...
Jet Airways takes off under RCS
Panalpina continues Latam expansion with Newport buy

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THE HAGUE: September 11, 2017. APM Terminals, part of the A.P. Moller - Maersk Group, is to sell its 76 percent ownership of Belgium's second largest container port at Zeebrugge to COSCO Shipping Ports (CSP) for €35 million.

Zeebrugge APM TerminalsThe transaction is expected to close in November 2017 and make the Hong Kong-based port operator the sole owner of the one million TEU-capacity facility.

APM Terminals opened Zeebrugge in October 2006 and then sold a 24 percent share to COSCO – one of its major customers. "Our decision to divest Zeebrugge reflects our portfolio strategy to focus on long term core assets," commented Wim Lagaay, head of APM Terminals USA and Europe.

"We believe COSCO Shipping Ports is the right long-term owner of the Zeebrugge facility and will continue to grow the port for customers, employees and the Zeebrugge stakeholder community," he added.

CSP is a co-shareholder and strategic partner in several operations with APM Terminals including the Suez Canal container terminal in Egypt, and the Qingdao Qianwan and Guangzhou South China Oceangate terminals in China.

In October 2016 the subsidiary of China's COSCO Shipping Corporation acquired a 40 percent share in the APM Terminals Vado terminal project under construction in Vado, Italy.

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