Dutch-based port operator APM Terminals International, part of Danish oil and shipping group AP Moller - Maersk A/S, has acquired a 51 percent stake in the Alinport container terminal project in Ecuador from Spanish shipping and fishing group Albacora.
Construction work on the Alinport greenfield project is scheduled to commence in early 2008, and the project's completion is expected in late 2009.
The first phase of the project will comprise a 450m long quay with a warehouse facility and an annual capacity of 700,000 TEUs. The quay terminal will have a water depth of 12.5m.
The investment in the Alinport project is in line with APM Terminals' strategy to expand its global network. At present APM Terminals operates over 50 container terminals in 30 countries.
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