Disclaimer

The articles excerpted on this site report on the state of the industry as seen by mainstream media, and do not necessarily reflect the opinion of the officers of the ILWU Coast Longshore Division.

Maersk says enters $900 mln Mexico port project

Lazaro Cardenas

Lazaro Cardenas port

APM Terminals, the ports arm of Danish oil and shipping group A.P. Moller-Maersk, said it would develop a container terminal in Mexico in a project with a total investment cost of over $900 million.

The company said in a statement it had signed a 32-year concession contract with the Port of Lazaro Cardenas (APILAC) for the design, financing, construction, operation, and maintenance of a new specialised container terminal.

APM Terminals will start construction by September this year, and the first phase would be completed in 2015, costing over $300 million, it said.

More at Reuters

Share

Find other news on this topic by clicking on the tags and category key words above.