Independent journal on economy and transport policy
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APM Terminals does not yield 50% of the container terminal of Port Elizabeth to the Brookfield
Sisco (APM Terminals North America): "a commercially percorribile solution is not reached"
November 5, 2014
Terminalista society APM Terminals of shipowning group Danish A.P. Møller-Mærsk has not yielded 50% of the APM Terminals North America, the branch that manages the container Elizabeth Container Terminal terminal of the port of New York - New Jersey, to the Brookfield Infrastructure and to some institutional investors with which the Dutch terminalista society an appropriate agreement at the beginning of this year had signed ( on 21 February 2014).
"APM Terminals and Brookfield - it has announced today the president of APM Terminals North America, Eric Sisco - have worked to tightened contact with the Harbour Authority of New York - New Jersey in order to satisfy the requirements of both the parts. In spite of the goodwill of all the involved parts are not reached a commercially percorribile solution".
Sisco has specified that APM Terminals will continue to operate the terminal in the harbour area of Port Elizabeth in the within of the contract of concession with Port Authority. "Our terminal of Elizabeth - it has emphasized - is our main terminal on the coast oriental of the USA. We operate in the port until from the beginning of the containerizzazione and will continue to make it for many years to come here".
Brookfield Infrastructure would have acquired 40% of APM Terminals North America.
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