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APM Terminals dampens ambitions for South America

After several years of billion dollar investments in South and Central America, the region's economic conditions now make Maersk's terminal and port unit slow down its investment pace in the region, reports Danish media Berlingske.

Photo: PR-foto/APM Terminals

An outlook characterized by declining commodities prices, increasing corruption and a recession has helped dampen APM Terminals' appetite for future acquisitions in South America, reports Danish daily Berlingske.

"Since we in 2010 began a strategy for fast growth, we have entered the most important markets in the region. We believe in the region, but we also see that South American economies are not growing as expected," Julián Fernández, head of South American port investments at APM Terminals, tells Berlingske.

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