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APM Terminals Virginia sale done, Maersk unit exits as non-operating lessor
MAERSK unit APM Terminals Virginia and a partnership of investment funds of Alinda Capital Partners (Alinda) and Universities Superannuation Scheme Limited (USS) has announced that regulatory requirements for the sale have been met.
"Ownership of this terminal does not fit with our global strategy and ambition to operate and develop ports," said APM Chief Financial Officer Christian Moller Laursen. "We have chosen to sell because we are a non-operating lessor."
With that, the ownership of APM Terminals Virginia in Portsmouth has been transferred to Alinda/USS effective and the Company will be re-named Virginia International Gateway, reports the American Journal of Transportation.
The facility was commissioned in July 2007, and is the largest privately-owned container terminal in the United States and is one of the only functional automated container terminals in the Western Hemisphere.
The facility sits on 576 acres and has an annual one million TEU capacity. The terminal is designed to serve super postpanamaxes class vessels and is accessible by a 50-feet deep navigation channel.
"Ownership of this terminal does not fit with our global strategy and ambition to operate and develop ports," said APM Chief Financial Officer Christian Moller Laursen. "We have chosen to sell because we are a non-operating lessor."
With that, the ownership of APM Terminals Virginia in Portsmouth has been transferred to Alinda/USS effective and the Company will be re-named Virginia International Gateway, reports the American Journal of Transportation.
The facility was commissioned in July 2007, and is the largest privately-owned container terminal in the United States and is one of the only functional automated container terminals in the Western Hemisphere.
The facility sits on 576 acres and has an annual one million TEU capacity. The terminal is designed to serve super postpanamaxes class vessels and is accessible by a 50-feet deep navigation channel.
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