APM Agree Turkish Terminal Sale


APM Terminals has reached a sales agreement with current partner SOCAR to divest its container terminal in Izmir, Turkey.

The Aliağa facility, to be named Petlim Container Terminal, is the largest container terminal in Turkey’s Aegean region, and the third largest in Turkey with a capacity of 1.3 million TEU per year.

As part of the deal, APM Terminals will continue managing the terminal, ensuring that both its shipping line and landside customers are looked after.

The new structure of the terminal means that operating company Petlim will be fully owned by SOCAR Turkey and managed by APM Terminals.

Enrique Piqueras, of APM Terminals, discusses the Cartagena Container Terminal in a recent Port Technology technical paper

According to a statement, APM Terminals has contributed to turn the Izmir Aliağa Terminal into the most modern container terminal in the area.

A further statement by APM added: “We believe that SOCAR will further develop the terminal which has not only achieved excellent safety standards, but also the highest berth productivity in the area.

The sale, which is subject to regulatory approval, is expected be completed in the next few months.

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