Speaking at the fouth Annual Black Sea Ports and Shipping Conference 2015 on May 29, 2015 on the subject of Black Sea ports as agents of economic growth for the region, Joseph Crowley APM Terminals (APMT’s) Poti Deputy Managing Director discussed the advantages of Poti Seaport as the prominent gateway for the Black Sea, Mediterranean and Central Asian trade.
APMT recently opened its Maasvlakte II container terminal at the Port of Rotterdam, one of the most-advanced, and zero-emissions first, terminal in the world.
Crowley said: “While recent World Bank economic growth forecasts for the broader Caucasus region have been reduced, APM Terminals is committed to our ongoing investment in Poti Seaport to anticipate and satisfy the future demand potential.
“This infrastructure investment into the port will help make future gateway volume growth possible, a major factor in Georgia’s growing presence as a global trading partner.”
In April 2011, APMT purchased Poti Sea Port, the largest port in Georgia – a multi-purpose facility with 15 berths for cargo and RoRo service, with total quay length of 2,900 metres and more than 20 quay cranes.
Since assuming operations, APMT has invested over US$70 million in upgrading the outdated port infrastructure and service facilities, including the construction of a new Customs Center, as well as new rail and truck facilities.
APMT Poti has completed a comprehensive study for the port master plan to drive and accommodate future cargo flows throughout Georgia and neighbouring Armenia and Azerbaijan. With the completion of the Inland Container Terminal in 2014, APMT has taken the first step towards executing this large scale port expansion.
The next phase of the expansion plan, due to be completed in 2018, includes two new deep water berths able to accommodate vessels of 9,000 TEU capacity and an annual throughput capacity of one million TEU.
At completion, the fully built-out mega-port will have an annual cargo throughput capacity of 45 million tonnes and two million TEU.
Crowley concluded: “The Poti mega-port will build upon our existing infrastructure and facilities to create new job and trade opportunities for the port, the country and the region.”
APMT recently announced its financial results for Q1, 2015, where it saw a slight dip in its revenue by 3% compared to 2014, however, it has set a new productivity record at its Itajai terminal, having achieved 125 berth moves per hour.