APMT Records Big 2015 Result


APM Terminals (APMT) has increased its invested capital to US$6.2 billion in 2015 as ongoing strategic plans to drive portfolio growth, improve productivity and safety performance, generated $4.2 billion in revenue, and a profit for the year of $654 million.

APMT portfolio throughput was 36 million TEU for 2015, and when not including the divestment or exit of operations in Houston, Jacksonville, and Charleston, US and a share in the Med-Center Terminal in Gioia Tauro, Italy, volume declined 1.1% from the year prior, while the overall global container market grew by 1.3%.

Lower oil prices in 2015 affected APMT bottom line, as reduced oil revenue resulted in declines in import cargo into oil producing countries in West Africa, Russia and Brazil.

APMT’s North American businesses increased volume and storage income compared to 2014. Overall portfolio productivity, measured by crane lifts per hour, showed a 2% year-to-year increase in 2015.

Kim Fejfer, CEO of APMT, said: “Despite weaker global container volume and economic growth, our portfolio management and financial performance, including a Return on Invested Capital (ROIC) of 10.9%, remained on track with our long-term strategy to expand our network’s presence and capabilities to better meet the needs of our customers.”

The acquisition of the eleven-facility Spanish-based Grup Maritim TCB portfolio, expected to be completed in Q1, 2016 will add 4.3 million TEU of capacity to the APMT Global Terminal Network in Spain, Turkey, Mexico, Guatemala, Colombia and Brazil.

Mr. Fejfer said: “We have made clear progress in Safety Performance during 2015, reducing incidents by 66% compared with 2014. Nevertheless, we cannot become complacent.

In 2016, the company’s portfolio will grow with the integration of the Grup TCB facilities, as well as new deep-water terminals in Izmir, Turkey; Lázaro Cárdenas, Mexico and Ningbo, China.

Other terminals in the pipeline include Vado, Italy, which is opening in 2017, and Moin, Costa Rica, which will be opening in 2018.  

Watch: APMT to Build Artificial Island

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