APM Terminals shifted its Asia-Pacific headquarters to Singapore from Shanghai in September as its port investment becomes more concentrated in the region's west, but its China and Japan interests remain important, Business Times reports.
Henrik Pedersen, CEO of the Asia-Pacific region at APM Terminals, said at a press conference in Singapore yesterday: "We have ports in India, Malaysia, Thailand and Vietnam. For us, it's a focus area to continue to increase the capacity and service reliability in those ports.
"Just because we moved out here, we are not going to forget our investment in China and in Japan that's why we kept a team in Shanghai."
One of APM Terminals' latest deals was to take a 25 per cent stake in Ningbo's Meishan Container Terminal that will start operations by end-2014.
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