APM Terminals, a division of Denmark's A.P. Moller-Maersk Group, plans to invest up to DKK 37 bn (USD 7 bn) in new port terminals globally from 2007 to 2011. The company, which is currently operating 50 terminals and constructing 15 new ones, has almost doubled the number of containers it handles worldwide in just five years.
Lars Heindorff, analyst at ABG Sundal Collier says that waiting time in ports is expected to increase in the future as container traffic grows, and that APM Terminals has secured a number of strategically well placed ports. "There is a massive need for investments when you look at how large the ships have become," says Heindorff.
Stephen Rammer of Alm. Brand, a Danish financial group, says: "If you look at some of the individual terminals, they have amazingly high EBIT margins. They are just good at hiding it. APM Terminals is currently growing a lot faster than the general market and is competing to get the best locations." "I think they have EBIT margins that are a lot higher than those you can see in the accounts."
APM Terminals is headquartered in the Hague, the Netherlands, and services more than 60 container shipping companies globally. In 2006, the company generated revenues of DKK 10.9 bn (USD 2.1 bn). The news was reported by financial daily newspaper Børsen.