ShippingWatch

APM Terminals heralds listing of port company

APM Terminals Bahrain, which operates the Khalifa Bin Salman Port, will be listed later this year, according to Bloomberg.

Photo: APM Terminals

Maersk-owned APM Terminals Bahrain, which operates Khalifa Bin Salman Port, will be listed later this year.

Most recently, investment bank Sico has been tapped to carry out the the IPO, reports Bloomberg News. According to Tradearabia, the plan is to list the company at the end of 2018.

Maersk owns 80 percent of the Bahrain port, while the rest is owned by YBA Kanoo Holdings in Bahrain. The plan is to sell 20 percent of the shares on the Bahrain stock exchange.

The possibility for a listing was part of the deal entered between Maersk and the Bahrain government when the port operations were privatized in 2006.

English Edit: Lena Rutkowski

MSC invests USD 1.1 billion in new major Arabian port

APM Terminals executives scattered in all directions 

More from ShippingWatch

Eurotunnel accuses DFDS of unfair competition on English Channel

Getlink, which owns the railroad service Eurotunnel under the English Channel, accuses ferry operators DFDS and P&O ferries of having struck an unfair deal on the Dover-Calais route in terms of competition. DFDS CEO Torben Carlsen rejects the accusation to ShippingWatch.

Further reading

Related articles

Latest news

See all jobs