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APM Terminals CEO ready to divest loss-making ports

APM Terminals CEO Morten Engelstoft is taking his portfolio management to the next level. Ports and terminals that remain unprofitable may be divested. This was what happened with Zeebrügge recently.

Photo: Maersk Tankers PR

THE HAGUE

Morten Engelstoft, CEO of APM Terminals since November 2016, demands not only better operational performance at the 76 ports and terminals worldwide, he also requires a positive financial contribution from each unit.

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