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APM Terminals named as winner in battle of port acquisitions

The fact that terminal prices have gone down in recent years could end up as a very good business for APM Terminals. Several consolidations are underway, and APM Terminals, as part of a conglomerate, is in a very strong financial position, says Ricky Steen Rasmussen, senior analyst at Nykredit Markets.

Photo: APM Terminals

The price drop experienced by terminals across the world during the financial crisis of the past four or five years will benefit the major players in the terminal market. APM Terminals especially will be able to reap the benefits of the slump, says senior analyst Ricky Steen Rasmussen of Nykredit Markets.

"There is no doubt that we are now seeing a very lucrative market. Players such as APMT and DP have the money, and the slump benefits the major players in the industry. The private equity funds have withdrawn somewhat from the market, but the industry players are still there, in strong positions. We are going to see more acquisitions and consolidations in the time to come," he tells ShippingWatch.

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