ShippingWatch

Maersk’s port business moves up on the top 5

According to shipping analyst Drewry, Maersk-owned APM Terminals is currently the world’s second-largest port operator, and the analysts also highlight the company as one of the three global operators with the most ambitious development plans for the coming years.

Photo: APM Terminals

Over the past ten years, APM Terminals has moved up a spot on the global top 5 list of the world’s largest port operators. The growing business, one of A.P. Moeller-Maersk’s four key investment areas, and which –according to the latest statement from Group CEO Nils Smedegaard – will grow significantly, currently occupies the position of the world’s second-largest port operator. This is evident from the annual review of global port operators by shipping analysts Drewry, published on Tuesday.

APM Terminals has in this period pushed PSA, Port of Singapore Authority, down to the third spot, while Hutchison Port, like ten years ago, is still the world’s largest port operator. Hutchison Port is one of a total of six key business areas of the Hong Kong conglomerate Hutchison Whampoa Limited, one of the biggest stock listed companies in Hong Kong.

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