APM Terminals signs deal to run Turkey port

APM Terminals, the port operating arm of Danish oil and shipping group A.P. Moller-Maersk said on Monday it had signed a preliminary agreement with Petkim Petrokimya Holding A. to operate the Petkim Port in Turkey, Reuters reports. The agreement is for the long-term operation of Petkim Port, located in Aliaga, near the city of Izmir on the Aegean Coast of Turkey. Contract negotiations are still ongoing, APM Terminals said in a statement.