APM Terminals earned more that US$2 billion in revenue during the first six months of 2011, representing a six percent increase over the same period in 2010, and generated $304 million in profits as the company continued to aggressively expand into high growth markets.
In the first half of the year new operations have commenced at the recently completed 1.1 million TEU annual capacity deep-water Cai Mep International Terminal in Vietnam, and at the multi-service facilities at the Port of Monrovia, Liberia, West Africa, as well as at the Poti Seaport in the Republic of Georgia on the Black Sea.
Concession agreements were also signed for the Terminal Muelle Norte at the port of Callao, Peru on the west coast of South America.
The successful takeover of operations in the port in Callao, Peru in just 50 days after contract signing reflects the company's unique scale and expertise in managing new port locations.
Commenting on the results, APM Terminals CEO Kim Fejfer, stated "We achieved very good results for the first half fiscal year and our key business metrics continue to trend positively. I am delighted to see our client portfolio expanding, our new business activities performing well, opening new markets in line with our growth strategy. Our investment in new terminals continues to drive APM Terminals strong market leading position."
APM container throughput increased by eight percent to 16.2 million TEUs, weighted by equity share, for the period, and by three percent in a straight year-on-year comparison.
Container traffic from non-A P Moller-Maersk Group affiliates rose to 46 percent of total business for the first half of the year, compared with 43 percent in the same period the previous year.
"During the first half of 2011, we have committed more than $1 billion in new terminals to drive our portfolio expansion and the execution of our strategic growth programme. I remain optimistic about our opportunity to create value and grow the business,'' Fejfer said.
In the first half of the year new operations have commenced at the recently completed 1.1 million TEU annual capacity deep-water Cai Mep International Terminal in Vietnam, and at the multi-service facilities at the Port of Monrovia, Liberia, West Africa, as well as at the Poti Seaport in the Republic of Georgia on the Black Sea.
Concession agreements were also signed for the Terminal Muelle Norte at the port of Callao, Peru on the west coast of South America.
The successful takeover of operations in the port in Callao, Peru in just 50 days after contract signing reflects the company's unique scale and expertise in managing new port locations.
Commenting on the results, APM Terminals CEO Kim Fejfer, stated "We achieved very good results for the first half fiscal year and our key business metrics continue to trend positively. I am delighted to see our client portfolio expanding, our new business activities performing well, opening new markets in line with our growth strategy. Our investment in new terminals continues to drive APM Terminals strong market leading position."
APM container throughput increased by eight percent to 16.2 million TEUs, weighted by equity share, for the period, and by three percent in a straight year-on-year comparison.
Container traffic from non-A P Moller-Maersk Group affiliates rose to 46 percent of total business for the first half of the year, compared with 43 percent in the same period the previous year.
"During the first half of 2011, we have committed more than $1 billion in new terminals to drive our portfolio expansion and the execution of our strategic growth programme. I remain optimistic about our opportunity to create value and grow the business,'' Fejfer said.