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2010 November 23   10:47

APM Terminals considers acquisitions, JVs in China, India

The port operating arm of Danish shipping giant A.P. Moller-Maersk  is considering several acquisition and joint venture opportunities in China, India and Vietnam, senior executives said on Tuesday.
APM Terminals, one of the world's top 4 port operators, has increased its focus on emerging markets as economic growth in those countries were expected to outpace developed nations for the next several years.
APM has prioritised China and India as the two main countries to expand its business, said Martin Christiansen, the head of the company's Asia operations.
"One of the areas that we will be looking more at is potentially growing some of our inland activities through acquisitions more than organic growth," he told reporters at a news conference.
That included possible acquisitions or joint ventures with trucking or rail service companies through its Container Inland Services unit, which was taken over from its sister company Maersk Line last year.

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