Transaction between RAKIA and APM Terminals completed
Azerbaijan, Baku, June 27 / Trend /
The transaction between RAKIA and APM Terminals has been successfully completed and APM Terminals enter new phase in Poti Sea Port (PSP), the Georgian government said.
APM Terminals is now the majority shareholder in the port and they plan further development of the port so it can reach its full potential as the main gateway to South Caucasus and Central Asia.
APM Terminals offers the global shipping community a geographically balanced, integrated Global Port, Terminal and Inland Services Network which includes interests in 61 ports and terminals in 33 countries with 16 new terminal development or expansion projects underway, along with 132 Inland Services locations in 48 countries.
Staffed by 24,000 professionals across 63 countries and spanning five continents, the company serves every major trade lane with a truly global presence, providing customers with the most advanced terminal technology, equipment and operations in the industry. Originating as Maersk Line's terminal operating arm, APM Terminals was established as an independent division within the A.P. Moller-Maersk Group in 2001.
Mr. Joseph Crowley has been appointed as the new managing director in the port. Mr. Crowley is a US citizen who has 20 years of logistics and shipping experience in the region.